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Extension of FAME scheme for EV industry likely

Updated: Jul 08, 2023 01:20:45pm

Extension of FAME scheme for EV industry likely

New Delhi, July 8 (KNN) The central government is considering to extend the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme or retain its benefits, said Hanif Qureshi, joint secretary at the Ministry of Heavy Industries, on Friday.

The FAME scheme was introduced by the government in 2019 with the aim to encourage buyers to purchase EVs.

Speaking at the Conference on Efficient Maintenance Systems for Sustainable Industrial Growth, Qureshi highlighted the importance of maintenance systems in driving customer satisfaction and sustainable industrial growth.

“Maintenance is what drives customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working," he said.

He underscored the rapid expansion of the automobile industry, which currently stands at an approximate value of USD 150 billion. 

During the event, Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS),said,” We are adding the fourth ‘S’ for standardization, in line with our Prime Minister’s call for speed, skill, and scale.”

He emphasized that standards play a crucial role in the growth and development of a nation by defining the quality, safety, performance, reliability, and durability of goods and services. 

He further stressed the need for standards to promote environmental sustainability and support the circular economy.

The conference was organised to shed light on the untapped potential of maintenance operations in driving sustainable industrial growth. 

KNN Bureau


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