Centre mulls 10-year Automotive Mission Plan from 2006-16
The Dollar Business Bureau The Finance Ministry is yet to take a decision in Union Budget 2015 on restoration of lower excise duty (that was withdrawn at the end of December). But, that has not stopped G M Siddeshwara, the Minister of State in the Ministry of Heavy Industries and Public Enterprises. From taking several initiatives to strengthen the automotive sector such as setting up of Automotive Skill Development Council (ASDC). As part of a 10-year Automotive Mission Plan (AMP) 2006-16, the Government is planning to introduce automotive cess funding to support R&D projects, starting of National Automotive R&D Infrastructure Project (NATRIP) for setting up of world class infrastructure for homologation and testing, setting up of the National Automotive ...
