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India will be the top manufacturing ring center of Auto Mobile in 5 years: Gadkari

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari has expressed confidence that within five years India will be the top manufacturing hub for automobiles in the world. Gadkari today focused on promoting renewable energy by addressing a webinar on ‘Self-reliant India’ – ‘Opportunities in Solar and MSME’. This webinar was organized by the Indian People’s Forum in the United Arab Emirates. Nitin Gadkari said in his address, “The government is committed to promoting renewable energy resources in the country, especially in the MSME sector”. He said that MSMEs with a good track record are now being encouraged to the capital market.

He said that there is a huge opportunity for investment in the scraping policy. Gadkari said that India has immense potential and potential for power generation. He said that the rate of solar power in India is Rs 2.40 per unit and the commercial rate of electricity is Rs 11 per unit and the cheap electricity generated through solar energy can be used for automobile and other development works.

Gadkari expressed confidence that within five years India would be the top manufacturing hub for automobiles in the world. He said, by providing solar energy, we will create a big market for electric vehicles.

The minister invited foreign investors to invest in the Indian MSME sector and hoped that this would provide many opportunities for the MSME sector to become the world’s largest manufacturing hub.

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