Transport plays an important part in economic growth and globalization, but most types cause air pollution and use large amounts of land. While it is heavily subsidized by governments, good planning of transport is essential to make traffic flow and restrain urban sprawl. Since early times, humans have sought ways to make traveling faster and more convenient. First, we invented the wheel, then carts and wagons, steam power, and the internal combustion engine. The innovation continued with electric cars, bikes, and autonomous vehicles. Ideas that seemed to belong only to the realm of science fiction are being made a reality.
The future of transportation involves moving into new, smarter sources of energy, modes of transport, and physical and technological infrastructure to support these transportation innovations. The future of the Indian transport industry will be carved by radical transformations through major disruptive technologies based on intelligent transport systems driven by Industry 4.0, data analytics, IoT, and artificial intelligence from hyperloop to autonomous and remotely piloted vehicles.
Three common themes in transportation innovation are:
- smart technology
India aims to achieve global scale and competitiveness in cutting-edge battery technology, higher energy densities, faster charging, and reduced battery degradation from charging. The Government has set a target of electric vehicles making up 30% of new sales of cars and two-wheelers by 2030.
Artificial intelligence-powered technologies & innovations are poised to disrupt the world and transform human history. As powerful agents of change, AI technologies provide a plethora of opportunities to complement human intelligence and combat socio-economic issues.
AI involves feeding data sets into a machine to create self-learning patterns, thus enabling cognitive functions such as thinking, perceiving, learning, and problem-solving, and decision making-tasks that historically required human intelligence.
Being one of the fastest growing & largest economies of the world, it is imperative for India to work dedicatedly to harness the power of AI for sustained growth. India aims to create a robust AI ecosystem, including a national strategy aimed at leveraging AI for economic prosperity, sectoral progress & inclusive growth.
Efficient AI strategies that strengthen research capabilities, support business adoption, and develop standards for its ethical use will pave the way for the effective integration of AI innovations in New India’s growth story.
Smart manufacturing’ synonymously used with ‘Industry 4.0’, shortened to I4.0 or simply I4 is a technology-driven approach that encompasses fully integrated, collaborative manufacturing systems that employ internet-integrated machinery to monitor manufacturing processes in real-time via an open infrastructure. Smart manufacturing involves interoperable systems, intelligent automation, multi-scale dynamic simulation and includes 3D printing, big data processing, advanced industrial robotics with networked sensors, industrial internet of things (IIoT), and distributed manufacturing technologies with strong cybersecurity.
The current transportation sector will also witness an overhaul in its pursuit of cleaner energy and greener low carbon energy fuel with electric-mobility, biofuel driven, and Hydrogen-powered vehicles taking a lead. This would enable India to fulfill its commitment of cutting GHG emissions intensity by 33% to 35% percent below 2005 levels by 2030 and acting as an enabler of energy security by reducing dependence on imports. Being the pioneer of the International Solar Alliance India also looks to leverage solar energy for transport. Transportation in India is thus evolving towards novel modes and smart energy sources accompanied by physical, digital, and AI-built infrastructure. With extraordinary innovation and technology frequently reshaping modern transport there is going to be a revolutionary transformation of the sector.
The Policy Times
The Policy Times is the vision and a brainchild of Akram Hoque. He was working as Senior Assistant Director at FICCI. Prior to FICCI, he worked with the Confederation of Indian Industry (CII). Akram Hoque has rich experience in working with the Indian Industry. His long association with India’s top business forums (FICCI & CII) has not only provided him the opportunity to forge close ties with the business community but also guided them to invest in overseas economic ventures. He was Senior Editor at Planman Media Group. He was also a Faculty Member of the Department of Economics in a prestigious Management Institute teaching BBA and MBA students about Fundamentals of Economics, Business Economics, Macro Economics, Welfare Economics, etc.
Group CEO of Inter india Group
A hardcore professional from Logistics/ SCM industry, who has worked in all its segment – Trucking; Warehousing; Railways; Ports etc. A strategic thinker, with expertise in setting up greenfield projects. He is also actively involved in academia as a Visiting faculty in Nirma Institute; PDPU, JBS Academy, and a regular speaker in Industry meet. Presently, he is the Group CEO of Inter India Group, a leading Pan India Integrated Logistics service provider, and heads the P&L of more than 350 Crore.