Presenting the general budget for 2011-12 before the Lok Sabha today, finance minister Pranab Mukherjee informed the house that to provide green and clean transportation for the masses, a national mission for hybrid and electric vehicles will be launched in collaboration with all stakeholders.
Mukherjee said a group of ministers (GoM) has been set up to consider all issues relating to reconciliation of environmental concerns emanating from various departmental activities, including those related to infrastructure and mining.
This GoM will also suggest changes in the existing statutes, rules, regulations and guidelines and make its recommendations in a time-bound manner.
He also informed that the share of manufacturing in GDP is expected to rise from about 16 per cent to 25 per cent over a period of ten years.
The government will come out with a manufacturing policy which will bring down the compliance burden on the industry through self-regulation and help make Indian industry globally competitive.
The finance minister has also proposed to include capital investment in fertiliser production as an infrastructure sub-sector.