Department of Industrial Policy and Promotion LOGOINVC NEWS
New Delhi

Department of Industrial Policy and Promotion (DIPP)  will open registration process for start ups, venture funds both from India and abroad and mentors  in a bid to connect   to investors and give start ups access Indian and global markets.

“Government is fully behind start ups and provide them full support in form of equity and debt cover up, but at present most of the venture funds to start ups in the country are coming from abroad , to attract venture capital from India as well as abroad, the registration will open from March 15 till March 31. DIPP will advertise and generate awareness for registration “ said Mr Ramesh Abhishek , Secretary, Department of Industrial Policy an promotion (DIPP) while speaking at a day long roundtable workshop on Intelligent Transport System (ITS) organised by the International Road Federation (IRF) , a  global body working for safer and better roads world wide.

“ India  already has tech start ups which have developed various APPS , India needs more start ups working for rural India, agriculture, health and Transport sector . The future of  transport will be connectivity and more start ups need to come up for helping drivers and easing traffic jams” said Mr Abhishek.

“ Government plans to setting up 200 more Tinkering Labs in various schools across India in addition to 257 already set up . The government had revived 13,000 applications for various Schools but only 500 were selected to establish these Tinkering labs . The objective of setting up these labs is to foster curiosity, creativity and imagination in young minds and inculcate skills .Government provides fund of Rs 10 lakh and operational cost of another Rs 10 lakh for five years “ said Mr Abhishek.

“Eminent Intelligent Transport System (ITS)  experts from various parts of the world including Sudhi r Kishna, former Secretary , Ministry of Urban Development, Maik Bowers from BMW group, Dr Carlo van De Weijer, from Technical University ,Eindhoven, Netherlands , Mr Vijay Chhibber, former secretary, Ministry of Road Transport and Highways and Dr Adnan Rahman, Director General , IRF spoke at the round table” said MR K K Kapila, Chairman, International Road Federation.

Most of the experts were for developing better public transport system, automated parking as well as automobiles, better coordination between civic bodies for adopting ITS system. Car pooling. Most of the cars being developed world wide  will be intelligent and will be connected with traffic lights ,congestion and road conditions, felt experts.

“ Delhi with  multiplicity of authority  and various civic bodies including PWD, NDMC, MCD, Police and State government is most difficult city in the country to adopt new technologies like ITS system “ said an ITS expert.

Another Expert Carlo van De Weijer, from Technical University ,Eindhoven, Netherlands felt that its high time the Connaught Place in delhi should become vehicle free with the help of public transport which is accessible. In Netherlands  they met similar opposition from shop owners, but now every body is happy. This will people get their city back.

Maik Bowers from BMW group said that the BMW is going to launch Level Three automated cars soon an fully automated cars by year 2021. But These vehicles will need dedicated lanes in country like India as in these cars driver can relax , they will find parking and drive at highways on their own.


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