Government intends to double turnover of auto industry to Rs 15 lakh crore: Nitin Gadkari
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Union Minister for Road Transport and Highways Nitin Gadkari has said that the government intends to double the turnover of the automobile industry to Rs 15 lakh crore. At present, the turnover of the automobile industry is Rs 7.55 lakh crore, and four and a half crore have got jobs in the sector. This industry gives maximum GST to the government. He also said the industry will generate 10 crore jobs.
Gadkari stated that India has beaten Japan in automobile manufacturing and has come in number 3 position globally after China and the US. Laying emphasis on the importance of education, he said, ‘Knowledge is a great power, and converting knowledge into wealth is our future’.
The minister further said that farmers today are not only food providers but also energy providers by producing ethanol and solar electricity. From auto rickshaws to cars, vehicles will run on ethanol and India's import will reduce and farmers will prosper. He added that in the last nine years, the government has taken several steps to make progress.
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