New Delhi: Prime Minister Narendra Modi on Friday claimed that India has become the start-up hub for the world. Addressing a gathering at the inauguration of India’s First Global Mobility Summit ‘MOVE’ at Vigyan Bhavan in the national capital, he said, “Better mobility can provide for better jobs, smart infrastructure, and improve the quality of life.”
Adding further, he claimed, “Indeed, India is on the MOVE. Our economy is on the MOVE. We are the world’s fastest-growing major economy. Our cities and towns are on the MOVE. We are building 100 smart cities. Our infrastructure is on the MOVE. We are speedily building roads, airports, rail lines and ports.”
“My vision for the future of mobility in India is based on 7 Cs: Common, Connected, Convenient, Congestion-free, Charged, Clean, Cutting-edge,” he said.
The Prime Minister also said that convenient mobility means safe, affordable and accessible for all sections of the society. This includes the elderly, the women and the specially abled. “We need to ensure that public transport is preferred to private modes of travel,” he claimed.
Reportedly, he also announced the launch of FAME II – the second phase of FAME India scheme that will offer incentives for mass adoption of electric vehicles (EVs) with an outlay of Rs 5,500 crore.
FAME II which will continue for five long years will offer subsidy to all categories of EVs, which would include all types of two-wheelers, three-wheelers and four-wheelers. The EVs would also include taxis and electric buses used in public transportation, in order to promote green vehicles and check pollution.
Apart from that, the second phase of the scheme will also ideate the setting up of massive charging infrastructure to support electric vehicles. Also, battery-operated scooters and motorcycles are eligible for incentives ranging from Rs 1,800 to Rs 29,000, while in three-wheelers it is between Rs 3,300 and Rs 61,000.
However, strong hybrid vehicles, which were entitled to incentives in the FAME I, will not be able to avail incentives in the second phase. The government will also address the auto industry’s concerns regarding fuels and biofuel.
For the unversed, the government had extended the phase 1 of the FAME India scheme by six months till September-30. The first phase of the scheme was initially proposed for two years till March 31, 2017, but was extended twice for six months up to March 31, 2018.