India's 10-year Automotive Mission Plan (AMP) 2006-2016 is out. Envisaging auto sector investments of $40 billion, the plan aims at enabling the country as a global automobile player in the next decade.
Accordingly, it would chart out a road map for the government and auto industry to achieve a turnover for the sector to increase to $145 billion by 2016, up from the current $35 billion, accounting for 10 per cent of GDP, said reports.
With India's auto sector exports seeking a raise of at least $35 billion if the nation is to be a substantial player in the global market, the auto sector needs around $40 billion investment. This would ensure employment to about 25 million people by 2016, it has been forecast.read more on www.dhi.nic.in/draft_automotive_mission_plan.pdf
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