Cabinet nod to revised cost estimate for projects under NATRIP

Image
IANS New Delhi
Last Updated : Jul 27 2016 | 11:32 PM IST

The Union Cabinet on Wednesday approved the revised cost estimate for projects under the National Automotive Testing and R&D Infrastructure Project (NATRIP), an official statement said.

The decision to approve the revised cost estimate worth Rs 3,727.30 crore for NATRIP projects was taken at its meeting here, chaired by Prime Minister Narendra Modi.

The approval ensures completion of projects under NATRIP for the establishment of the global test centres in India, said the statement.

"This will address the R&D requirements of the automotive industry, full-fledged testing and homologation centres," it said.

The centres are are within the northern auto-cluster at ICAT, Manesar, Haryana, the southern auto-cluster at GARC-Oragadam, Chennai, while existing centres at ARAI-Pune and VRDE-Ahmednagar in Maharashtra will be upgraded for the western auto-cluster, it said, adding that the new infrastructure will enable vehicle and component manufacturers to develop and certify products which meet global standards.

--IANS

rv/vd

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 27 2016 | 11:18 PM IST

Next Story