Promoting electric vehicle adoption in India, Government has revealed its plans to develop an automated data transfer system to monitor the localization content of electric vehicles availing subsidies under the Rs 10,000 crore FAME-II policy.
This initiative is done to promote indigenous manufacturing and ensure imported vehicles do not get incentivized at the expense of Indian taxpayers.
The IT-enabled system primarily based on Application Programming Interface (API) would allow the sleek switch of a set of crucial knowledge associated to home worth addition (DVA) from the beneficiaries’ present enterprise useful resource planning (ERP) methods to the nodal ministry’s portal together with traceability of merchandise primarily based on digital footprints from October 1.
Ministry of heavy industries secretary Arun Goel stated the transfer wouldn’t solely assist set up an ecosystem for EV manufacturing in India but in addition additional ease of doing enterprise.
“If similar systems are replicated for schemes requiring substantial value-addition across ministries, it will ensure transparency. This will further attract investments in India and promote indigenous manufacturing,” he stated.
The system won’t encroach on non-disclosure agreements (NDAs) and but allow monitoring and verification of home worth addition being performed by firms, stated prime sources.
The digital data of home worth addition being maintained by unique gear makers (OEMs) are at the next stage of granularity.
But on the ministry’s stage, pre-defined info is acquired for monitoring and verification. Thus, no diversion is feasible.