New Delhi, Auto Desk. Union Road Transport Minister Nitin Gadkari is working tirelessly towards the development of the auto industry. In the same sequence, Nitin Gadkari has said that the government aims to increase the turnover of the automobile industry to 15 lakh crores within the next five years, while the current turnover is 7.5 lakh crores, out of which only exports have a turnover of Rs 3 crores.
Speaking at the inauguration of the government-approved scrapping facility of Maruti Suzuki and Toyota Tsusho Group in Greater Noida, the Minister outlined his vision for the country’s automobile industry.
Minister said during the inauguration of the scrapping facility
The country’s largest automaker Maruti and Toyota Tsusho Group’s have jointly built this unit, where every year about 24 thousand old vehicles will be converted into scrap. According to the information, this plant will have the capacity to scrap 2,000 vehicles every month and it will take more than three hours to scrap one vehicle.
“My target is to make the turnover of the auto industry to 15 lakh crore within the next five years,” he said.
Goal to make zero carbon emission by 2070
As the government aims to make India Zero Carbon Emission by 2070. Highlighting the same, the Minister said that the Government is encouraging the use of CNG, LNG, Green Hydrogen, Ethanol fuel and Electric vehicles in the transport system to achieve this goal. Let us tell you, the target was announced recently by Prime Minister Narendra Modi at the COP26 summit.
The current import of fossil fuel in the country is Rs 8 lakh crore and this figure is likely to reach Rs 25 lakh crore in the next five years. To reduce this and encourage the use of alternative fuels, the government is working on diversifying agriculture into energy and power sectors.