India is set to redefine its position in the global mobility landscape as Prime Minister Narendra Modi addressed the Bharat Mobility Global Expo 2024, a event showcasing the country's capabilities in the mobility and automotive sector. With a vision for the future and a commitment to transforming the nation into a global economic powerhouse, the Prime Minister highlighted key initiatives and milestones, addressing not only industry leaders but also emphasising the humane aspect of the mobility sector.
The significant increase in the number of cars and electric vehicles sold in India showcased the vibrant atmosphere in the mobility sector. PM Modi urged industry leaders to capitalise on this unprecedented growth and emphasised the need for research and innovation, announcing a fund allocation of INR 1 lakh crore in the budget for encouraging research.
Addressing the need for a skilled workforce in the mobility sector, PM Modi mentioned the collaboration with over 15 thousand Industrial Training Institutes (ITIs) providing manpower to the industry. He encouraged industry leaders to collaborate further with ITIs to make courses more relevant to the industry's evolving needs.
The expo, with over 800 exhibitors from 50+ countries, features cutting-edge technologies, sustainable solutions, and breakthroughs in mobility, making it India's largest and first-of-its-kind mobility exhibition.
In his speech, PM Modi highlighted the exponential growth of the Indian economy, emphasising the role of the mobility sector. He stated, 'India is on the move and is moving fast,' asserting that the present era marks the beginning of a golden period for the mobility sector. The Prime Minister credited the government's efforts over the last decade for lifting approximately 25 crore people out of poverty, consequently boosting the demand for transportation.
PM Modi also acknowledged the challenges faced by truck drivers and their families and unveiled a new scheme. Under this initiative, 1000 modern buildings with facilities for food, clean drinking water, toilets, parking, and rest for drivers will be constructed on all national highways in the first phase. This move not only aims to enhance the ease of living for truck drivers but also contributes to road safety and accident prevention.
The Prime Minister highlighted the transformative impact of government policies, including the Production Linked Incentive Scheme and the National Electric Mobility Mission, which promotes the manufacturing of electric vehicles. He urged the industry to explore research in areas such as green hydrogen and ethanol, emphasising the importance of leveraging indigenous technology.