|
Sub Sectors |
Amount of FDI inflow |
Percentage with total FDI inflows |
|
|
Rupees in Crores |
US $ in million |
||
|
Heavy Vehicles |
6,830.35 |
1,479.20 |
1.16 % |
|
Passenger vehicles |
13,516.25 |
3,008.04 |
2.37 % |
|
Auto ancillaries/parts |
2,857.06 |
635.44 |
0.50 % |
|
Others (transport) |
2,768.93 |
617.47 |
0.49 % |
|
Total of above |
25,972.59 |
5,740.16 |
4.52 % |
Source: Directorate of Economics & Statistics.
Table (3): Automobile Production Trends (in numbers from 2004 to 2011)
|
Category |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
2009-10 |
2010-11 |
|
Passenger vehicles |
12,09,876 |
13,09,300 |
15,45,223 |
17,77,583 |
18,38,593 |
23,57,411 |
29,87,296 |
|
Commercial vehicles |
3,53,703 3 |
3,91,083 |
5,19,982 |
5,49,006 |
4,16,870 |
5,67,556 |
7,52,735 |
|
Three wheelers |
3,74,455 |
4,34,423 |
5,56,126 |
5,00,660 |
4,97,020 |
6,19,194 |
7,99,533 |
|
Two wheelers |
65,29,826 |
76,08,697 |
8,46,666 |
80,26,681 |
84,19,792 |
1,05,12,903 |
1,33,76,451 |
|
Total |
84,67,853 |
97,43,503 |
1,10,87,997 |
1,08,53,930 |
1,11,72,275 |
1,40,57,064 |
17,916,035 |
Source: SIAM Industry Statistics
The Table (1) demonstrates inflow of FDI in India Sector shrewd Comparison of various Manufacturing Sectors with Automobile Industry 164% development , Second most astounding Manufacturing Industry developed amid Oct, 2014 to Oct, 2015 subsequent to propelling of Make in India Inititive.This is indicating advancement of Automobile Industry.
The Table (2) indicates FDI value inflow in Automobile Industry from 2000 to 2010. Traveler vehicle demonstrates most elevated inflow 2.37 % (13,516.25 Cr) anticipating most noteworthy request of FDI in future.
The Table (3) demonstrates that there are continous upward patterns underway of Automobile with Two Wheeler most elevated number of generation indicating most noteworthy beneficial segment while Passenger Vehicle the least number of creation, bring down productive division. As increment underway means increment in deals i.e increment in benefit and henceforth development of Automobile Industry.
Government Initative in regards to Automobile Industry
The Government of India supports remote interest in the vehicle part and permits 100 for every penny FDI under the programmed course.
A portion of the real activities taken by the Government of India are:
1 Government of India means to make cars producing the primary driver of 'Make in India' activity, as it anticipates that traveler vehicles market will triple to 9.4 million units by 2026, as featured in the Auto Mission Plan (AMP) 2006-16.
2 In the Union spending plan of 2015-16, the Government has declared to give credit of Rs 850,000 crore (US$ 127.5 billion) to agriculturists, which is relied upon to support the tractors section deals.
3 The Government intends to advance eco-accommodating autos in the nation i.e. CNG based vehicle, crossover vehicle, and electric vehicle and furthermore made compulsory of 5 for each penny ethanol mixing in petroleum.
4 The government has defined a Scheme for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, under the National Electric Mobility Mission 2020 to energize the dynamic enlistment of solid, moderate and proficient electric and half and half vehicles in the nation.
5 The Automobile Mission Plan (AMP) for the period 2006- 2016, outlined by the legislature is gone for quickening and managing development in this area. Likewise, the settled Regulatory Framework under the Ministry of Shipping, Road Transport and Highways, has an impact in giving a lift to this segment.
Presentation of Innovation and Technology by Fraunhofer in India:
The Department of Heavy Industries, New Delhi and driving German Institute of Technology Fraunhofer which is renowned for connected research have consented to an arrangement to expand 'Make in India' program to present development and innovation in Manufacturing Industries including Automobile Industry. Because of which Indian Manufacturers can create and keep up nature of their items as per worldwide market.
National ability Development Corporation (NSDC):
NSDC under the Ministry of Skill Development and Entrepreneurship are occupied in leading ability advancement program for distraught and minimized gatherings like SCs, STs, OBCs, minorities, ladies, and so on of all parts including Manufacturing Sector.
NSDC having 249 Training Partners,3222 Training Centers and it has prepared 55,70,476 individuals of various divisions and 23,88,009 individuals have been set. With the assistance of talented man compel Product quality can be kept up to worldwide level and in this manner it is feasible for assembling industry to keep its position ahead in worldwide Market.
Conclusion:
As Indian economy rising as the world's quickest developing economy with assets, for example, talented work constrain, simple accessibility of capital in the shape FDI, stream of innovation and one of the biggest economy regarding Public private partenership. Change arrangements of the gov are additionally ideal implementing Automobile Sector to create up to worldwide level coming about of huge work opportunites and make Automobile Industry productive and fruitful. Achievement of Make in India Program relies upon appropriate execution of Govt strategies in regards to FDI and Automobile Industry ,co-operation and corodinatoion among govt Agencies, political gatherings (control making bodoies ), and Automobile people group .If all the worry parties comprehend it,accept it and to buckle down ,unquestionably India in not so distant future will progress toward becoming as a Global Manufacturing Hub.
References:
1) www.makeinindia.com
2) WESP Report 2016, United Nations
3) www.bcgmakeinindia.com
4) Business Economics (Oct1-10-15 to 15-10-15),
5) www.nsdcindia.org
6) Directorate of Economics and Statistics.
7) SIAM Industry Statistics
8) International Journal of Current Research and Academic Review, vol 1, No3 (2013)