March of the Motown
What are the chances that India will become a top automobile manufacturing hub in a while from now? Good, if one goes by what Nitin Gadkari, Minister for Road Transport and Highways, is hoping for.
Primed to go
Gadkari sees India acing the auto game in the next five years, going by the assortment of enabling factors that are already in place in the country.
New tech galore
One of these factors is the presence of all big automobile brands, apart from a range of new technologies that are being brought in. These include methanol, bio-diesel, Compressed Natural Gas (CNG), Liquefied natural gas (LNG), electric and green hydrogen.
Call to industry
The government is banking big time on industry's whole-hearted participation to meet this goal. While addressing the Gujarat Investor Summit recently, PM Modi said, "Be it ethanol, hydrogen fuel or electric mobility, with these priorities of the government, active participation of the industry is very important."
A major pillar of the economy
India has a huge automobile sector, which provides direct and indirect employment to 75 lakh people.