Making Indian automotive industry ‘world-class’: Cabinet approves revised cost estimate for NATRIP

By: | Published: July 27, 2016 10:21 PM

With focus on Research and Development (R&D) efforts in the automotive industry, PM Narendra Modi-led Cabinet today gave its nod for cost revision of the NATRIP initiative to Rs 3727.30 crore.

With focus on Research and Development (R&D) efforts in the automotive industry, PM Narendra Modi-led Cabinet today gave its nod for cost revision of the NATRIP initiative to Rs 3727.30 crore. (Reuters)With focus on Research and Development (R&D) efforts in the automotive industry, PM Narendra Modi-led Cabinet today gave its nod for cost revision of the NATRIP initiative to Rs 3727.30 crore. (Reuters)

With focus on Research and Development (R&D) efforts in the automotive industry, PM Narendra Modi-led Cabinet today gave its nod for cost revision of the NATRIP initiative to Rs 3727.30 crore. NATRIP stands for National Automotive Testing and R&D Infrastructure Project. Modi government sees NATRIP as an important initiative for establishment of global test centres in India. The project is meant to address the R&D requirements of the automotive industry, full-fledged testing and homologation centres. The project places include ICAT-Manesar, Haryana and GARC-Oragadam, Chennai, Tamil Nadu. It also involves upgradation of existing centers at ARAI-Pune and VRDE-Ahmednagar in Maharashtra.

NATRIP has four aims; to adopt global best practices, to support Automotive Mission Plan 2016-26, to make Indian vehicles comply with global standard of safety and to help the MSMEs for development and certification of auto-components. “The essential components include world class labs for Powertrain, Passive Safety Tests l (including crash tests), Tracks for proving technology (including the High Speed Track at Indore), fatigue and certification, Electro-magnetic Compatibility tests, Noise Vibration & Harshness tests, CAD & CME and Infotronics,” the Cabinet release said. The idea is to reduce the number of causalities and road accidents, bring safety and environment protection in design of vehicles and manufacturing. One very important objective is also to make automotive products manufactured in India globally competitive and scale up exports to the extent of 35-40% over the next 10 years.

This, the government feels, will also help vehicle and component manufacturers to develop and get certificates in India, for automotive products which conform to global standards, and at the same time ensure that the ‘Make in India’ objective is met.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition