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Friday, July 03, 2020

By CarKhabri Team

FICCI Wants Government To Extend The FAME-Scheme For 2 More Years

FICCI Wants Government To Extend The FAME-Scheme For 2 More Years

In its recent report, the NITI Aayog the Federation of Indian Chambers of Commerce & Industry (FICCI) has recommended the government of India to extend the FAME-II scheme for two more years till 2025 for making the environment of accepting the electric vehicles by the Indian buyers. FICCI’s committee for electric vehicles has urged the government to ask the policymakers for making the policies that attract the buyers towards electric vehicles and encourage the investors to invest intensively in this sector. Apart from NITI AAyog, these recommendations have been also forwarded to the Department of Heavy Industry, Ministry of Road Transport and Highways, and other government departments associated with the project.
In a statement released by FICCI, it has said that “As demand and investments in the electric vehicles sector are severely hit due to disruptions caused by COVID-19, FICCI has suggested to the government, a series of measures to ensure continuity of the EV growth road map and achievement of the targets as envisioned by the government for the sector in the next decade.” The associating has also asked the government to take necessary measures to restrict the derailment of the EV segment and develop an impressive strategy for strengthening the position of India in technology and sales of the electric vehicles.
In the words of Mr. Shekhar Vishwanathan, Chairman, FICCI, EV Committee and Vice Chairman and Whole Time Director, TKM, “Worldwide, the automobile sector is undergoing a transformation with various technologies and it is essential that India is also a part of this change and take a leadership role. Therefore, for innovative and vibrant industry and to attract investments for newer technologies, it is necessary that the government policies are technology agnostic.”
Moving ahead, the FICCI has also asked the government to review its policy for procuring the e-buses and scheme design under FAME-II. It has also requested for raising the support of Rs. 10 crores for developing an in-house R&D infrastructure for exploring the Make-in-India product and develop advanced technology for electric two-wheelers.

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