Govt launches NMTM for transformative mobility | Current Affairs, Current Affairs 2019

Govt launches NMTM for transformative mobility

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Union Cabinet chaired by Prime Minister Narendra Modi has approved , setting up of a National Mission on Transformative Mobility and Battery Storage, to drive clean, connected, shared, sustainable and holistic mobility initiatives. Phased Manufacturing Programme (PMP) valid for 5 years till 2024 to support setting up of a few large-scale, export-competitive integrated batteries and cell-manufacturing Giga plants in India. Creation of a PMP valid for 5 years till 2024 to localize production across the entire Electric Vehicles value chain. Both PMP schemes will be finalised by the National Mission on Transformative Mobility and Battery Storage.

National Mission on Transformative Mobility and Storage will recommend and drive the strategies for transformative mobility and Phased Manufacturing Programmes for EVs, EV Components and Batteries. A Phased Manufacturing Program (PMP) will be launched to localize production across the entire EV value chain. The National Mission on Transformative Mobility and Battery Storage will determine the contours of PMP, and will finalise the details of such a program. The details of the value addition that can be achieved with each phase of localisation will be finalised by the Mission with a clear Make in India strategy for the electric vehicle components as well as battery. The Mission will coordinate with key stakeholders in Ministries/ Departments and the states to integrate various initiatives to transform mobility in India.

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