Key Points
India will become the number one automobile manufacturing hub in the world by 2029 and the country will be the third largest economy, road transport and highways minister Nitin Gadkari said on Friday...
The government's focus going forward will be to build a world-class road network, move to alternative fuels and bring down logistics costs in the country, Gadkari added...
"One thing is very clear: if we need capital investment, development and industry, we should have good infrastructure, water, power, transport and communication," he said..
"By changing the fuel and by making good roads, I am confident that by the end of 2024, our logistic cost will be in single digit (around 9%), which will increase our export at least one and a half times and that is to me the most important thing," he said.. Highlighting the need to reduce logistic cost in the country, Gadkari said the logistic cost in China is 8-10% of goods while it is 12% in European countries and the USA..
Asserting that a lot of development work has taken place in the country during the 10 years of the Modi government, Gadkari said the NDA alliance believes in the politics of progress and development and will again get majority in 2024 general elections due in April-May...
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