The ability of a nation to sustain economic growth is intrinsically linked to the effectiveness of its transportation network. In India, roads and railways account for over 95% of transportation, dominating the landscape.
While alternatives like coastal shipping and inland water transport are growing, roads and railways will continue to lead the way. But the transportation sector is undergoing a dramatic shift, with electric vehicles (EVs) fueling this revolution.
Stakeholder demands are shaping the EV landscape, and India is projected to become the world's largest EV market by 2030, representing a $200 billion investment opportunity in the next 8-10 years. Electric vehicle registrations surged 168% from 2020 to 2021, rising from 120,000 to 330,000.
This EV growth stems from India's expanding population, environmental concerns, and rising fuel prices - creating demand for sustainable and affordable transportation. Among EV categories, electric two-wheelers (E2Ws) best meet the changing needs. India is the world's largest manufacturer of both E2Ws and electric three-wheelers (E3Ws). To incentivize EV adoption, the Indian government offers subsidies, tax benefits, and charging infrastructure.
Amid this dynamic shift, the Elets National Transforming Transport Summit in Kolkata on September 8th presents an opportunity for stakeholders to capitalize on these trends. The landmark event aims to foster discussions, showcase solutions, and pave the way for futuristic and efficient transportation.
The summit will bring together key players in transportation and EVs, policymakers, investors and innovators - providing a platform to collaborate, exchange ideas and chart a sustainable and progressive transportation ecosystem in India. By aligning with India's transforming transportation sector, this summit envisions playing a vital role in shaping the country's future mobility.
Knowledge Sharing: The summit will serve as a platform for industry leaders, policymakers, and experts to exchange ideas, experiences, and best practices in utilising technology and connectivity to transform the transport sector.
Showcasing Innovative Solutions: Cutting-edge technologies, disruptive innovations, and transformative ideas will be showcased, providing attendees with insights into the latest trends and solutions in the transportation domain.
Policy Discussions: Policymakers and government officials will engage in insightful discussions to identify policy measures that can foster the integration of technology, connectivity, and sustainable practices into the transport infrastructure of West Bengal.
Networking and Collaboration: The summit will encourage networking opportunities, enabling participants to connect, collaborate, and form partnerships to drive innovation and enhance the transport ecosystem.
As West Bengal looks towards the future, it is essential to prioritise the integration of technology, connectivity, and sustainable practices in the transport sector. The ‘Elets National Transforming Transport Summit’ serves as a driving force for change, motivating stakeholders to adopt transformative concepts and collaborate towards creating a more intelligent, eco-friendly, and interconnected transportation system.
Source: Data from IBEF (India Brand Equity Foundation)