The Union Minister for Road Transport and Highways was speaking to a crowd in Vapi, Gujarat's Valsad district, after launching the 'Rajju Shroff ROFEL University' campus
Union Minister Nitin Gadkari expressed confidence that, under Prime Minister Narendra Modi's leadership, India will become the world's largest vehicle market over the next five years.
The Union Minister for Road Transport and Highways was speaking to a crowd in Vapi, Gujarat's Valsad district, after officially launching the 'Rajju Shroff ROFEL University' campus.
At present, the size of the Indian automobile industry is Rs 7.5 lakh crore. The industry has so far created 4.5 crore jobs, and it pays the maximum Goods and Services Tax (GST) to the Central and state governments," Gadkari said.
India was previously at fourth position in the world (automobile market) after Japan, the US and China, but recently the country surpassed Japan to become No. 3, he said.
"And, I am confident that within five years, thanks to the leadership of Prime Minister Narendra Modi, we will be No.1 and the size of the industry will be Rs 15 lakh crore," the minister said.
Given the country's competent manpower and raw materials, he expressed confidence that India will become the world's number one economy in the future.
"We want India to be a super economic power. To do that, futuristic technology will be needed. India has the largest engineering manpower as well as required raw material. We can make India the number one economy in the world," he said.
"India imports fossil fuel worth Rs 16 lakh crore every year. Green hydrogen and ammonia are fuels of the future. Our aim is to make India an energy-exporting country," the minister said.
Gadkari stated that he assessed the ambitious Delhi-Mumbai Motorway project, which passes through Gujarat, to resolve some "issues." He claims that after the motorway is done, people will be able to drive from Delhi to Nariman Point in Mumbai in under 12 hours.