Sunday, 14 August 2011

National Automotive Board likely to be set up by end-2011



As per the latest information received, National Automotive Board , dubbed as NAB is expected to be finalized by the year end 2011.


"NAB is likely to be set up in December this year. It will act as a facilitator between the government and the industry, promote research and development activities and have a larger role in developing skills for the growing automobile sector," a Department of Heavy Industry official said. 


The board will have members from the Department of Heavy Industry, Planning Commission and from various ministries, including road transport and highways, science and technology, environment and forests. Besides, there would be scientists and industry representatives on the board.


NATRIP was set up for upgradation of three existing automotive testing and R&D centres -- the Vehicle Research and Development Establishment (VRDE) at Ahmednagar, Automotive Research Association of India ( ARAI) at Pune and International Centre for Automotive Technology ( ICAT) at Manesar.


At present, the turnover of the Automotive Industry is about $83 Bn out of which the exports account for $12 Bn or 14.5% of the Total Automotive Sector value in India.

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