NITI GearShift Challenge

IAS Current Affairs

4 months ago

Source: News On Year
GS III: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment

Overview

Why in the News?

NITI Aayog has announced the launch of the ‘NITI GearShift Challenge’ as part of the e-FAST India initiative.

This pioneering hackathon aims to foster innovative business models for the adoption of zero-emission trucks in India.
Addressing the nation’s pressing economic and environmental challenges.

NITI Aayog has also invited students, transport service practitioners, academics, and researchers to develop innovative business models that address financial, technical, and operational challenges in the adoption of electric trucks.
The program has garnered participation from e-FAST India knowledge partners, financial institutions, and industry forums.
The ‘NITI GearShift Challenge’ is being organised in collaboration with IIM Bangalore, Smart Freight Centre India, WRI India and other institutions.
NITI Aayog said that the hackathon will unfold in two rounds.
It said that the GearShift Challenge marks a pivotal move towards sustainable freight transportation in India.

In order for India to meet its 2070 net zero obligations, it became imperative to decarbonize road-based freight transportation, which gave rise to e-FAST.
2022 saw its introduction in September.
Its goal is to accelerate the shift to more environmentally friendly and cleaner freight transportation.
The platform enables proactive national and international cooperation, provides scalable ideation and pilot program development help, and investigates technology integration and related research.
It is a forum that encourages discussion, cooperation, and deliberation amongst various stakeholders, including the government, OEMs, shippers, logistics service providers, and industry experts, in order to promote the large-scale development and implementation of electric technology in the freight industry.
The joint efforts of twelve expert partners support it.

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