Cabinet approves revised cost estimate for NATRIP

Union Cabinet gave its nod for cost revision of the National Automotive Testing and R&D Infrastructure Project (NATRIP) initiative to Rs 3727.30 crore. NATRIP aims to adopt global best practices, to support Automotive Mission Plan 2016-26, to make Indian vehicles comply with global standard of safety and to help the MSMEs for development and certification of auto-components. The idea is to reduce the number of causalities and road accidents, bring safety and environment protection in design of vehicles and manufacturing. It also aims to make automotive products manufactured in India globally competitive and scale up exports to the extent of 35-40 per cent over the next 10 years.