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Greater Noida (Uttar Pradesh): Union Minister of Road Transport Nitin Gadkari said on Tuesday that the Centre’s mission is to increase the turnover of the automotive industry to Rs 15 lakh crore over the years. next five years.
“The current automotive sector turnover in the country is Rs 7.5 lakh crore, of which Rs 3 crore is exported. My goal is to make the automotive industry volume of Rs 15 lakh crore over the next five years, “Gadkari said at the inauguration of the government-approved demolition of Maruti Suzuki and Toyota Tsusho Group in Greater Noida.
Recently, at the COP26 summit, Prime Minister Narendra Modi said India is aiming for net zero carbon emissions by 2070.
Gadkari said that for this purpose, the government encourages the use of CNG, LNG, green hydrogen, ethanol fuels and electric vehicles.
“Our current import of fossil fuels is currently Rs 8 lakh crore and will reach Rs 25 lakh crore over the next five years. We are constantly working to diversify agriculture into the energy and power sectors. Flexible engines are used in the United States, Brazil and Canada, where they use 100 percent gasoline or 100 percent ethanol. Bioethanol is a fuel that comes from sugar cane and molasses . The government has authorized the manufacture of bioethanol from rice, corn and food grains. The government has made the decision to open the ethanol pumps as well as the gas pumps. It is a win-win situation for all This can help fight pollution and it is also good for the tribal and agricultural areas of the country, â€he added.
He called the launch of the scrapping unit and the vehicle scrapping policy “historicâ€.
“The vehicle scrapping policy is extremely important to our ecology and our economy. It will reduce the pollution generated by old vehicles. Through scraping, raw materials like aluminum, steel, copper, etc. will be available at a lower cost, which will also reduce the production cost of the vehicle. vehicle. Raw material costs can be reduced by at least 33 percent. It will reduce our dependence on imports because we still import materials like aluminum, copper and many other things. The problem of semiconductor shortage in industry will be solved by this policy, â€he said.
He noted that the policy will help convert “waste†into “wealthâ€.
He also said the vehicle scrapping policy would directly generate at least 2 lakh jobs and boost auto sales. “Through vehicle sales, additional GST revenues worth 30,000-40,000 lakh crore are also generated, which is also beneficial to the government,” he added.
Gadkari said the government aims to set up at least 4 demolition centers in each district, with at least two in remote areas.
Introducing the Union budget 2021-22, Finance Minister Nirmala Sitharaman on February 1 announced a voluntary vehicle scrapping policy to phase out old and unfit vehicles under which personal vehicles will be tested suitability in automated centers after 20 years while commercial vehicles will be tested after 15 years.
Speaking about the production of green hydrogen, he said the government has launched a mission to help manufacturers produce it.
Prime Minister Narendra Modi on August 15, on the occasion of the country’s 75th Independence Day, announced the National Hydrogen Mission with the aim of making India a hub for production and l export of green hydrogen.
The Minister of Road Transport and Highways said he is also asking the GST Council to explore what other incentives could be provided under the National Automobile Scrapping Policy.
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