Union Minister for Heavy Industries Anant Geete Wednesday exhorted the automobile industry to face the challenges of competition and advent of new technology in the sector.
The future is full of competitiveness and the automobile industry must adopt the best technology in the world, he said while inaugurating a Symposium on International Automotive Technology - SIAT 2015 here.
Conceding that India was not the best in the auto industry, Geete expressed confidence that the manner in which we are going "we will be the number one in the industry in the world."
"Issues of environment and technology are becoming important for the auto industry and the auto sector should adopt the 'clean and green' technologies," Geete urged.
Referring to Prime Minister Narendra Modi's 'Make In India' slogan, Geete said it was a good tiding for the automobile industry and the government would give its full support to the industry to make it a success.
Geete inaugurated the three-day SIAT EXPO 2015 in which more than 200 companies are participating at the Automotive Research Association of India (ARAI) campus, and threw open by remote control a new Passive Safety Lab.
ARAI Director Rashmi Urdhwareshe said that fostering research and development and innovation was crucial to the development of the country's automobile industry.
In this context, six top vehicle manufacturers from China, USA, Japan, Germany, South Korea and India were invited to discuss the issue of 'international mobility beyond borders' with the outcome of the discussions to be submitted to the centre.
ARAI Preident and Ashok Leyland Managing Director Vinod Dasari, SAE International, USA's COO David Schutt and additional secretary, ministry of heavy industry and public enterprises Ambuj Sharma were present on the occasion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
