New Delhi, December 14, 2024: Union Minister for Road Transport and Highways, Nitin Gadkari, addressed the Network18 Green Bharat Summit in New Delhi, where he outlined ambitious goals for India’s electric vehicle (EV) industry. During his speech, Gadkari emphasized that the Indian automobile sector has grown significantly, now valued at ₹22 lakh crore, and he confidently projected that India will become the largest automotive market globally within five years, driven largely by electric vehicles. He stated, “In the next five years, we will not just compete; we will lead the world in electric mobility.”
Gadkari also highlighted the need for increased manufacturing capacity to meet the surging demand for EVs, urging manufacturers to ramp up production by tenfold. He noted that while India plans to invest ₹75 lakh crore in road infrastructure, the focus must also be on sustainable development and innovative uses of waste materials in construction. “We must create value from waste through technology,” he asserted, showcasing India’s commitment to ecological considerations in its growth strategy. The minister concluded with a call to action for young engineers and startups, stating that their contributions are pivotal in realising these ambitious goals.
In addition to focusing on EVs, Gadkari outlined a comprehensive vision for India’s infrastructure development, prioritizing water, railways, roads, and aviation. He highlighted the role of young engineers and startups in driving innovation within the EV sector and beyond. By fostering a culture of entrepreneurship and technological advancement, Gadkari believes that India can not only meet domestic needs but also position itself as a key player in the global EV market. With a commitment to creating an Aatmanirbhar Bharat (self-reliant India), he expressed confidence that this strategic approach will lead to sustainable economic growth while addressing environmental challenges.