Union Road Transport and Highways Minister Nitin Gadkari has said that India is aiming to double the size of its automobile industry from Rs 7.5 lakh crore to Rs 15 lakh crore by the end of 2024, making it one of the largest automakers in the world, creating huge job opportunities.
Union Minister noted that his ministry will carry out project works worth Rs 5 lakh crore next year, of which Rs 2 lakh crore will come from the government and the rest will be raised from the capital market. Gadkari also said that the ministry is also working on developing alternative, clean and green fuels like bio-ethanol, bio-CNG, bio-LNG and green hydrogen and added that green hydrogen is the fuel of the future.
Besides, Nitin Gadkari said that the majority of automobiles in the country will run on alternative fuels by 2030. The minister further said that with the philosophy of inclusive growth, India will play a key role in achieving the Sustainable Development Goals (SDGs) 2030.
