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Funding for R&D



Funding for R&D

Government of India has formulated a scheme namely FAME-India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) with effect from 1st April, 2015, which is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self sustenance. Through this scheme, the Government is funding specific projects under Pilot Project, R&D/Technology Development and Public charging infrastructure components of the Scheme.

    This information was given by Minister of  State in the Ministry of  Heavy Industries  and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 00:20 IST