Updated August 18th, 2021 at 09:11 IST
India will become hub for automobile manufacturing in next 5 years: Nitin Gadkari
Union Minister Nitin Gadkari said India is working on technologies involving ethanol, methanol, bio-diesel, CNG and Liquefied natural gas.
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Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday, 17 August, said he believes that India would become a hub for vehicle manufacture within the next 5 years. He said almost all reputed automobile brands are present in India and the country is working on technologies involving ethanol, methanol, bio-diesel, Compressed Natural Gas (CNG), Liquefied natural gas (LNG), electric and green hydrogen.
Interacting with Media on ‘Vehicle Scrapping Policy & Opportunities’. #CircularEconomy https://t.co/lXTyyN1Gaa
— Nitin Gadkari (@nitin_gadkari)
"As we are working on technologies involving ethanol, methanol, bio-diesel, Compressed Natural Gas (CNG), Liquefied natural gas (LNG), electric and green hydrogen, I believe that India will become. A hub for automobile manufacturing in the next five years," Gadkari said while interacting with media.
PM calls for active participation of industry
Earlier, on August 13, Prime Minister Narendra Modi had addressed the Investor Summit in Gujarat via video conference. He had said, “Be it ethanol, hydrogen fuel or electric mobility, with these priorities of the government, active participation of the industry is very important." He had further said, “In the midst of this change, it is equally important to protect our environment, our land, our resources and our raw material."
PM Modi launched National Automobile Scrappage Policy
On August 13, PM Modi had launched the National Automobile Scrappage Policy. This policy was first announced by Nirmala Sitharaman, Union finance minister in February, during her Budget speech. The policy recommends “fitness tests” for private and commercial vehicles that are more than 20 and 15 years old respectively. The registration of such cars will be automatically cancelled if a ‘fitness certificate’ is not provided.
National Automobile Scrappage Policy to bring in investments and create jobs
The fitness assessments will take place in government-approved fitness centres. Scrapping is possible anywhere in the country, regardless of where the car is registered. A road tax credit of up to 25 per cent for new personal vehicles and 15 per cent for new commercial vehicles, as well as a 5 per cent reduction against the scrapping certificate, have also been proposed as part of the strategy. Union transport minister Nitin Gadkari had said in March that the strategy will bring in investments worth more than Rs 10 billion and create up to 50,000 jobs.
PM Shri @narendramodi virtually launched National Automobile Scrappage Policy at Investors Summit for setting up vehicle scrapping infrastructure in the presence of Union Road Transport Minister Shri @nitin_gadkari and CM Shri @vijayrupanibjp today at Mahatma Mandir, Gandhiangar. pic.twitter.com/NbhMSQJMOF
— CMO Gujarat (@CMOGuj)
(With inputs from ANI)
(IMAGE: PTI)
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Published August 18th, 2021 at 09:11 IST