Financial Daily from THE HINDU group of publications
Thursday, Feb 26, 2004
Financial Daily from THE HINDU group of publications Thursday, Feb 26, 2004 |
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Industry & Economy
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Automobiles Govt to invest Rs 1,600 cr in new auto testing units
Neha Kaushik
New Delhi , Feb. 25 THE Government is planning to invest upwards of Rs 1,600 crore towards setting up two new testing centres in the country on the lines of the Automobile Research Association of India (ARAI). According to Government sources, one centre would be in the North and the other in the South and would be ready for use by the end of fiscal 2006-07. Work has already started on the centre in North India, which would be located at Manesar in Haryana, with the Government already sanctioning about Rs 49 crore. Meanwhile, though no location has been finalised yet for the testing centre in South India, industry officials feel that it is likely to be located in either Tamil Nadu or Karnataka since both the States have a sizeable number of automotive factories. It was being felt that with the growing number of vehicles entering the market and the emergence of new technologies, ARAI-Pune alone would be unable to meet the demand in the coming years. According to the sources, the project will be funded jointly from the cess fund collected from automobiles sales as well as by Government . The centres would be equipped with a proving ground and the state-of-art crash testing facilities, which are not at present available in the country. Further, it would also encompass research and development labs for automobiles and automotive components as well. According to an industry official, with newer technologies and emission norms coming up, the centres would help in harmonising the Indian automotive industry with global standards. The Government had initially allocated a fund of Rs 1,480 crore towards setting up modern testing centres, which has been revised now.
More Stories on : Automobiles | Standards & Benchmarks | Research & Development
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