Minister of road transport and highways Nitin Gadkari said on Friday that India will overtake China as the world's leading automaker by 2029, when the nation will also have the third-largest economy.
According to Gadkari, the government's future plans include constructing a first-rate road network, switching to alternate fuels, and reducing logistics costs across the nation.
"Have good infrastructure, water, power, transportation, and communication if we need capital investment, development, and industry," he stated emphatically. "Our agricultural sector, service sector, and tourist industry cannot grow without that."
Gadkari stated, "We have all products and all major players present in the country," when addressing the potential of the car industry. In the next five years, the Indian economy will be bolstered by the automobile sector. We will achieve Atmanirbhar Bharat, the third largest economy in the world.
He asserts that upon taking office in 2014, Prime Minister Narendra Modi made the improvement of the country's infrastructure his top policy goal.
“We need to develop world standard infrastructure in the country to achieve the dream of PM Modi to make India the third largest economy in the world,” Gadkari added. He continued by saying that the country's highway system will be on par with the United States' by the year 2024.
He has stated his intention to reduce logistics costs in India to single digits by focusing on road quality improvement and the shift to alternative fuels.
With the construction of 36 expressways, which will shorten the travel time between Delhi and Dehradun to two hours, Delhi and Jaipur to two hours, Delhi to Mumbai to twelve hours, Chennai to Bangalore to two hours, and Bangalore to Mysore to one hour, Gadkari laid out his plans for infrastructure development. He also mentioned a 320-kilometer reduction in the distance between Delhi and Chennai.
According to Gadkari, he does not need any money from the government to implement his development plan. Building roads with the money of the rich is not something I'm interested in doing. But instead, he promised tiny investors who bought our bonds an annual return of 8.05% and would get their money deposited into their accounts every month.
He also mentioned that there is no shortage of finances and that the National Highways Authority of India has a AAA grade.
So far, the road sector has just used the trailer for any work that has been done. "Asli film to abhi baaki hai," the minister said.
According to him, India plans to decrease its annual import of fossil fuels—worth ₹16 lakh crore—by diversifying to alternative energy. "Our policy is straightforward: we want to diversify our agriculture towards energy sources so that we can replace 'anna daata' with 'urja daata,' 'bitumen daata,' and 'hawaii indhan daata,' or sustainable aviation fuel," Gadkari stated.
Using rice straw, he claimed, the government and Indian Oil Corporation are producing 76,000 metric tons of bio-aviation fuel annually, 150 metric tons of bio-bitumen daily, and 100,000 liters of ethanol daily at Panipat.
I am convinced that by the end of 2024, our logistic cost will be in the single digits, about 9%, thanks to changes in fuel and improvements to our roads. This will raise our export by at least 1.5 times, and that is the most important thing to me," he said.
Gadkari brought attention to the need to lower logistic costs in the country by stating that, in comparison to European and American countries, China's logistic costs are 8-10% of goods. But in India, it might reach 16%.
The NDA alliance, Gadkari said, "believes in the politics of progress and development" and will once again get the majority in the general elections scheduled in April-May of 2024. He went on to say that the country has seen a lot of development work during the 10 years of the Modi government.
"We will again get a majority and form the government under the leadership of Prime Minister Narendra Modi," he declared, going on to say that voters put aside their differences in language, religion, gender, and caste to support positive change.
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