Thursday, May 2, 2019

LOCATION BY FAME -II SCHEME

THE INTER MINISTERIAL STEERING COMMITEE OF THE NATIONAL MISSION FOR TRANSFORMATIVE MOBILITIES LED NITI AYOG CHIEF EXECUTIVE OFFICER AMITAV KANT HAS DECIDED TO INCORPORATE LOCALISATION CONDITIONS TO AVIL BENEFITS UNDER THE FAME-II SCHEME


THE INTER-MINISTERIAL COMMITTEE OF THE NATIONAL MISSION FOR TRANSFORMATIVE MOBILITIES WAS FORMED FOLLOWING A CABINET DECISION TO PROMOTE CLEAN AND SUSTAINABLE MOBILITY INITIATIVES IN THE COUNTRY. IT CONSISTS OF SECRETARY OF NINE STAKEHOLDER MINISTER AND DIRECTOR GENERAL OF THE COUNTRY.

IT CONSISTS OF SECRETARY OF NINE STAKEHOLDER MINISTRIES AND DIRECTOR GENERAL OF THE BUREAU OF INDIAN STANDARDS AS ITS MEMBER.


THE STEERING COMMITEE HAS MANDATED THAT ONLY COMPANIES THAT MEET THE50% LOCALISATION THESHOLD WILL BE ELIGIBLE FOR THE INCENTIVES THAT WILL BE UNDER THE FASTER ADAPTATION AND MANUFACTURING OF HYBRIDS AND ELECTRIC VEHICLES (FAME-II) SCHEME TO BOOST ELECTRIC MOBILITIES AS WELL AS MAKE IN INDIA INITIATIVES.


THIS DECISION HAS BEEN TAKEN TO ENSURE THAT THE TAX PRAYERS MONEY IS NOT USED TO SUBSIDIES..


THANKING YOU SO MUCH..


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