The Economic Times Smart Mobility Summit 2017 | Nov 27-28 2017 | New Delhi
As one of the pillars of economic development for any country, the transportation network is critical to the national infrastructure. With Indian transportation industry growing at a CAGR of 15 percent and a budget outlay of almost Rs. 4 trillion in the next fiscal in creating and upgrading transportation infrastructure, India’s transportation sector is undergoing a boom. However, it has frequently been a source of greenhouse gas emissions and a major cause of concern for the government as they are trying to reduce the carbon footprint to address environmental issues and decrease their dependence on oil as a source of fuel. India is still following BS IV as against EURO 6 implemented in European countries, which is equivalent to BS VI. The Second Auto Fuel Vision and Policy 2025 notified by Government of India in May 2014 lays the map for fuel emission norms up to 2025. In order to adopt the latest emission standards, Government of India has decided to completely skip BS V norms a...