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Nitin Gadkari unveils ambitious vision for India, aiming to lead in auto manufacturing by 2029
Industry News- Feb 12,24
Gadkari also unveiled plans to align India's national highway network with that of the USA by the end of 2024.
At the Global Business Summit 2024, Nitin Gadkari, the Union Minister of Road Transport and Highways, outlined ambitious objectives for India's future. Predicting that India would emerge as the top automobile manufacturing hub by 2029 and become the world's third-largest economy in the next five years, Gadkari underscored the crucial role of robust infrastructure, efficient water and power supply, advanced transport, and seamless communication in fostering capital investment, industrial growth, and agricultural development.
Key areas of focus for the government, as highlighted by Gadkari, include the establishment of a world-class road network, a transition to alternative fuels, and a reduction in logistics costs. He expressed confidence in the automotive industry's potential contribution to making India self-reliant (Atmanirbhar Bharat) and propelling it to become the world's third-largest economy, citing the sector's diverse product range and major players.
Gadkari unveiled plans to align India's national highway network with that of the USA by the end of 2024. Currently, the Ministry of Road Transport and Highways is actively working on the construction of 36 expressways to shorten travel times between major cities. The minister predicted a significant reduction in logistic costs to around 9% by the end of 2024, leading to a substantial increase in exports.
Beyond economic goals, Gadkari expressed confidence in the political landscape, anticipating a majority win for the NDA alliance in the 2024 general elections. He asserted that under the leadership of Prime Minister Narendra Modi, the government would continue to prioritise development, with voters supporting initiatives based on merit rather than factors like caste, creed, sex, religion, or language.
Source: Punepulse
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