India's Prime Minister Modi Promotes Green Technology and Mobility at Bharat Mobility Global Expo 2025
Key Ideas
- Prime Minister Modi assures government support to investors in shaping the future of mobility sector in India.
- India focuses on developing green technology, EVs, hydrogen fuel, and biofuels to reduce fossil fuel imports.
- The 'Make in India' initiative drives growth in the auto industry, with EV sales expected to increase eightfold by the end of the decade.
- The Bharat Mobility Global Expo 2025 aims to showcase over 100 new launches across automobiles, components, and technologies.
Prime Minister Narendra Modi of India addressed the attendees at the Bharat Mobility Global Expo 2025, emphasizing India's potential as an attractive destination for investors in the mobility sector. He highlighted the country's focus on green technology, electric vehicles (EVs), hydrogen fuel, and biofuels to drive sustainable development. Modi stressed the importance of the 'Make in India' initiative in boosting the auto industry and reducing reliance on fossil fuel imports. The government is working on a comprehensive mobility system to support the economy and environment. With the 'Make in India' initiative and production linked incentive (PLI) schemes, the auto industry has seen substantial growth and job creation. Modi outlined the government's commitment to infrastructure development and ease of travel, with significant budget allocations for the sector. He encouraged corporate investment in the automotive industry, citing factors like the growing middle class, urbanization, and infrastructure improvements. The expo aims to unveil innovative products and technologies across the mobility ecosystem, including automobiles, components, energy storage, and software solutions. Modi also highlighted the opportunity for investment in battery storage systems in India, emphasizing the country's readiness for sustainable mobility solutions.