Govt to launch Automotive Mission Plan 2016-26 shortly

The government will shortly launch the Automotive Mission Plan (AMP) 2016-26, which aims to put the automobile industry in the league of top three nations in engineering, manufacturing and export of vehicles, and auto components.
The AMP 2016-26, which has been finalised in consultation with various stakeholders, envisages creation of additional 50 million jobs.
"In the AMP, which will be launched shortly, it is aimed that the Indian automotive industry will be among the top three in the world in engineering, manufacturing and export of vehicles, and auto components.
"While growing in value to over 12 per cent of India's GDP, automobile industry will encompass safe, efficient and environment-friendly conditions for affordable mobility of people and transportation of goods in India, which will be comparable with global standards generating over additional 50 million jobs," the Department of Heavy Industry said.

The government and automobile industry have set an ambitious target of increasing the value of output of the sector to up to Rs 18.89 lakh crore under the AMP 2016-26.
The plan, a collective vision of the government and industry, also aims to propel the Indian auto sector "to be the engine of 'Make in India' programme, potentially contributing in excess of 12 per cent of the country's GDP.
The first AMP was launched for the period of 2006-2016.
In the first AMP 2006-16, the auto industry had achieved a target of incremental job creation of 25 million while the country attracted investments topping the target of Rs 1.55 lakh crore from global and local OEMs as well as component makers.