The Make In India Initiative was launched by the Prime Minister of India, Narendra Modi on the 25th of September, 2014 to encourage and set a goal for India to be the manufacturing hub of goods and services. ‘Come make in India. Sell anywhere, [but] make in India,’ were the words of NArendra Modi as he introduced the Make in India Initiative. This initiative encourages both national and multinational companies to manufacture their products within India, and make India the ‘global manufacturing hub.’ This initiative by the PM also aims at improving the infrastructure of the nation, with state-of-the-art technology.
‘Zero Defect Zero Effect’ is also one of the campaigns launched under the Make in India initiative wherein Narendra Modi encourages the companies to manufacture and produce products with the least amount of defects, as ‘Zero Defect’ suggests, and with the least amount of harmful effects on the environment. This aims at increasing the quality of manufacture and reduction in the environmental impact.
Electric vehicles have come to the surface and stayed for quite a few years now. Their need and demand is growing even more so the past couple of years, given the ever growing and impairing pollution. The Make in India Initiative encourages the manufacture and produce of electric vehicles within the nation. According to the official website of Make in India, more that 6 million electric vehicles will have been sold manually by 2020.
There has been an initiation of adoption and manufacture 0of electric vehicles and the National Electric Mobility Plan (NEMMP 2020) has been initiated for further development of electric vehicles in the market.
Specifically for electric rickshaws, the government has announced the Mudra Scheme which provides loans to self-employers at concessional rates. It is mandatory for an electric rickshaw to be ARAI/ICAT approved and to be registered under state RTOs. The central government has lessened the Central Excise to 6% on electric rickshaws. While numerous state governments have either eliminated VAT on electric rickshaws or reduced VAT and the road taxes on them. The Maharashtra government has forgo the registration fees on electric rickshaws. On the other hand, the Delhi government has provided an allowance of INR 15000 per electric rickshaw.
As of now, at least 10000 electric rickshaws hit the road every month. All the steps taken under the Make in India initiative for electric rickshaws are to ensure an efficient, green future and to encourage self employment.
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