AMP 2006-16 exceeded Rs.157,500cr
Automotive Mission Plan (AMP) 2016-26 has been finalized jointly by the Government and Indian automotive industry, Minister of Heavy Industries Prakash Javadekar told Rajya Sabha on 25 Nov 2019.
Automobile industry has made significant achievements in developing designing and manufacturing capability in the country, he pointed out.
India has now emerged from just an automobile producing hub to designing and development hub as well, said the Minister.
Updating the house, he said India has attracted investments from global and local original equipment manufacturers (OEMs) as well as component manufacturers during the AMP 2006-16, exceeding the target of Rs.157,500 crore,
The AMP 2006-16 has been largely successful in its endeavor to lay down the roadmap for development of the industry, he said.
The Automotive industry has achieved the target of 25 million jobs over 2006-16. fiinews.com