You are here: Home » News-IANS » Business-Economy
Business Standard

Cabinet approves FAME India Phase II

IANS  |  New Delhi 

The Union Cabinet on Thursday approved the proposal to implement the second phase of Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India for promotion of electric mobility in the country.

The scheme will be implemented over three years, starting April 1, with a total outlay of Rs 10,000 crore, Finance Minister Arun Jaitley said.

It is an extended version of the "FAME India 1", launched in 2015.

The scheme will stress electrification of public transport, including shared transport. The scheme also proposes to establish charging infrastructure and set up 2,700 charging stations in metros and other cities.



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

First Published: Thu, February 28 2019. 23:04 IST