Mission to make Indian automobile industry world`s largest within five years: Nitin Gadkari
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Union Transport Minister Nitin Gadkari has said that the Indian automobile industry ranks third globally, behind China and the United States, but the government aims to elevate it to the top position within the next five years. The Indian automobile industry’s market size is around Rs 22 lakh crore. China leads with Rs 47 lakh crore, followed by the US at Rs 78 lakh crore.
Gadkari said ‘Our mission and dream are to make the Indian automobile industry the world’s largest within five years. This industry is crucial to the vision of Atmanirbhar Bharat.’ He stated ‘This sector is our top exporter, contributes the highest GST revenue to both state and central governments, and has so far generated 4.5 crore jobs. By focusing on ethanol, methanol, biodiesel, bio-LNG, electric vehicles, and hydrogen, we are investing in the fuels of the future.’
Besides, talking about the issue of air pollution, he emphasised the need for adopting alternative energy sources for vehicles. He noted ‘We annually import fossil fuels worth Rs 22 lakh crore, a major contributor to pollution. In the transport sector, finding alternatives to fossil fuels is critical.’ He added pollution is a pressing concern. Without reducing fossil fuel imports, the air pollution problem cannot be resolved.
