Webinar on Incentivization of Auto Industry for Advanced Manufacturing

The Indian automobile industry is one of the largest growing sectors of our economy. It has a significant contribution in country’s manufacturing facilities and has been adding around 7-8% percent of the total employment in the country. India\'s emergence as a global auto hub bears testimony to the technical competence, world class scale and entrepreneurial drive of both OEMs and suppliers alike. Many of them have built strong international brands, with significant presence in both developing and developed markets. India is also a prominent auto exporter and has strong export growth expectations for the near future. The Indian Government\'s intention to move from fossil fuel to clean fuel going forward is a positive step towards positioning us at the forefront of the global quest for clean mobility. The onus of preparing the nation for clean mobility is, however, not on the government alone. Auto-component suppliers need to swiftly catch up on green technology and business readiness by technology acquisitions, collaborations and capability demonstrations. They need to de-risk their current businesses by pivoting towards future-ready opportunities that ideally leverage their current capabilities. OEMs in turn need to keep a nimble powertrain strategy with focus on \'green\' and work together as well as with the Govt. to develop capabilities and roadmaps.

While this transformation is huge and requires concerted efforts and an eco system in place to drive desired results, the Government has taken various initiatives for supporting the industry for its early transition towards advanced manufacturing. However, given the current economic scenario and very wide scope of auto sector, further push through policy and incentive measures are required for this industry. Therefore, in order to discuss the various aspects of auto industry for its transition towards advanced stages, ASSOCHAM is organizing a Webinar on “Incentivization of Auto Industry for Advanced Manufacturing\" on February 16, 2022 from 4:00 p.m. to 5:30 p.m.