8SEPTEMBER, 2024LOCAL INDUSTRY POWERS NAVY'S FUTURE CRITICAL NEEDSINDIAN EXPORTS TO EXPLORE NEW HORIZONS WITH ELECTRIC TWO-WHEELERSThe Indian Navy has set up two task forces to work with domestic companies with an aim to meet its weapon and other essential equipment requirements under the Make in India campaign, officials disclosed on Wednesday. These task forces headed by the Navy chief admiral Dinesh K Tripathi are aimed at interacting with domestic industries to assess their potential in manufacturing standard equipment and weapons for the naval force. Currently, the Admiral has been reaching out to local manufacturers with the view of having them supply most of the Navy's needs. Instead of focusing on the force's requirements for a range of technologies and systems, the Navy is considering how domestic industries can help advance its goals. Besides, Admiral Tripathi has been moving around industrial enclaves with Navy teams to evaluate their productive capacity. The Indian Navy is leading the way in the process of indigenisation and almost all its warships and submarines are manufactured in India. Over the next few years, the Navy has proposed heavy purchases worth lakhs of crores from the Indian industries and shipyards. Some of the immediate orders are Rs 1.6 lakh crores for submarines of various types to counter threats from China and Pakistan as per the defence officials. Nitin Gadkari, the Union Minister, stated that India has numerous opportunities for exporting electric two-wheelers, especially to markets where Indian manufacturers are currently marketing traditional engine counterparts.While introducing Revolt Motors' electric commuter motorcycle, Gadkari noted that fifty percent of motorcycles produced in India are exported to other countries, with major corporations such as Bajaj Auto, Hero MotoCorp, and TVS establishing a significant presence worldwide.The minister appealed to Revolt Motors to inspect markets in nearby nations as well as Africa and Latin America.Anjali Rattan, Founder and Chairman of Rattan India Enterprises, the parent company of Revolt Motors, declared that the company has confirmed its export strategies to begin with Sri Lanka. The company is also investigating export potentials in Nepal, Africa, and Latin America.Revolt Motors introduced the RV1 commuter bike with two versions priced at Rs 84,990 and Rs 99,990, offering different battery capacities of 2.2 kwh for a 100 km range and 3.24 kwh for a 160 km range.Revolt seeks to combine past lessons and values with a focus on renewable energy for the future. Through collaborative efforts, Revolt drives the revolution forward, breaking norms to introduce a fresh perspective on the next gen mobility. TOP STORIES8SEPTEMBER, 2024
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