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India can save logistics fuel worth Rs 311 lakh crore

India can save logistics fuel worth Rs 311 lakh crore
ANI
09 Jun 2021, 21:37 GMT+10
New Delhi [India], June 9 (ANI/PR Newswire): NITI Aayog, RMI and RMI India s new report, titled Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport , presents key opportunities for India to reduce its logistics costs.
Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future. While freight transport is essential to economic development, it is plagued by high logistics costs and contributes to rising CO2 (carbon dioxide) emissions, and air pollution in cities.
According to the report, India has the potential to: Reduce its logistics cost by 4 percent of the Gross Domestic Product (GDP) Achieve 10 gigatonnes of cumulative CO2 emissions savings between 2020 and 2050 Reduce Nitrogen Oxide (NOx) and Particulate Matter (PM) emissions by 35 percent and 28 percent, respectively until 2050 Freig ....

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India can save logistics fuel worth Rs 311L cr in next 3 decades: Report

A report has claimed that India can save logistics fuel worth Rs 311 lakh crore between 2020 and 2050. Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport , a report prepared by NITI Aayog, RMI and RMI India, . ....

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India's EV financing industry to be worth Rs 3.7 lakh crore in 2030

Updated Mar 09, 2021 | 15:44 IST
India’s EV ecosystem has thus far focused on overcoming adoption hurdles associated with technology cost, infrastructure availability, and consumer behaviour. Financing is the next critical barrier
India’s EV financing industry to be worth Rs 3.7 lakh crore in 2030
New Delhi: Government think-tank NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, recently which highlights the role of finance in India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of $266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade. ....

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EV financing industry to be worth Rs 3.7 lakh crore by 2030: Report

EV financing industry to be worth Rs 3.7 lakh crore by 2030: Report
ANI |
Updated: Mar 09, 2021 14:26 IST
The report also identifies a market size of 50 billion dollars (Rs 3.7 lakh crore) for the financing of EVs in 2030 about 80 per cent of the current size of India s retail vehicle finance industry worth 60 billion dollars (Rs 4.5 lakh crore).
The need of the hour is to mobilise capital and finance towards EV assets and infrastructure, said Amitabh Kant, CEO of NITI Aayog.
As we work towards accelerating the domestic adoption of EVs and push for globally competitive manufacturing of EVs and components like advance cell chemistry batteries, we need banks and other financiers to lower the cost and increase the flow of capital for electric vehicles. ....

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