Indian Economy
Global Mobility Summit-MOVE
- 10 Sep 2018
- 4 min read
Prime Minister recently inaugurated Global Mobility Summit 'MOVE', an initiative to attract investments in electric vehicles manufacturing and encourage people to use public transport.
- India aims to create a robust and affordable electric mobility ecosystem comprising production facilities and a large network of charging points.
- It will achieve three key strategic goals- cutting down carbon emissions, creating new job opportunities and reduce use of crude oil, about 80% of the requirement of which is met through imports.
Global Mobility Summit 'MOVE'
- NITI Aayog, in collaboration with various ministries and industry partners, has organized ‘MOVE: Global Mobility Summit’ in New Delhi.
- The Summit, is the first of its kind, with participants from across the world including leaders from the government, industry, research organizations, academia, think tanks and civil society.
- Stakeholders from across the sectors of mobility and transportation have gathered to co-create a public interest framework to revolutionize transport.
- The summit deliberated on five themes:
- Maximising asset utilisation and services
- Comprehensive electrification and alternative fuels
- Reinventing public transport
- Goods transport and logistics
- Data analytics and mobility
Aim of Summit
- The main aim through the summit is to revolutionise the way people travel in India, to de-congest cities along with making mobility more connected, shared and seamless.
- Affordability of public transit which is crucial for low-income users and of freight for the industry.
- Better mobility is aimed to reduce the burden of travel and transportation, and can boost economic growth. It is already a major employer and can create the next generation of jobs
- Further it is aimed to cut the crude oil import and hence reduce India’s huge import bill based on it.
- Accessibility and inclusivity which are crucial for remote and differently-abled users across geographies, with the philosophy of leaving no-one behind.
- It is aimed to provide safe, energy-efficient and low-emission systems which are necessary for India to meet its international commitments on climate change.
Features of Summit
- The Summit will help drive the government’s goals for vehicle electrification, renewable energy integration and job growth and also speed up India’s transition to a clean energy economy.
- The vision for the future of mobility in India is outlined by the 7 C’s- Common mobility, Connected mobility, Convenient mobility, Congestion-free mobility, Charged mobility, Clean Mobility powered by Clean Energy and Cutting-edge.
Way Forward
- Entrepreneurs should see mobility as a sector with immense opportunity for innovation and growth. It is a sector where innovation can help solve problems for public good.
- ‘Mobility Revolution’ is an enabler of growth and development. When India transforms mobility, it benefits one fifth of mankind. It also becomes a scaled success story, for others to replicate.