SME Times News Bureau | 22 Nov, 2021
Minister for Road Transport and Highways Nitin Gadkari on Monday said that start-ups are showing comparatively better performance than traditional auto players in the EV industry of the country.
Addressing ICC’s AGM & Annual Session on Bharat@75 ‘Empowering India: Today for Tomorrow’, Gadkari said start-ups and new entrants in the EV industry are
performing well over traditional auto players.
He add that all must be aligned with the commitment made by Prime Minister recently
at the COP-26 summit to achieve the target of net-zero emissions or a
carbon-neutral country by the year 2070.
He said adoption
of cutting-edge technology, innovations, and digitalization would lead
to all-inclusive and sustainable development in the country.
minister said in the journey of Azadi ka Amrit Mahotsav, we are standing
at a turning point where our Government is taking concrete steps
towards building a tomorrow, which is far more vibrant, Aatmanirbhar,
and climate-resilient than our today.
Gadkari said under the green highway mission, the Government is
carrying out tree plantation and transplantation along the National
Highways where larger participation of the local communities, farmers,
NGOs, and private sector is expected.
He said to utilize the benefits of
huge investment in infrastructure, the private sector can invest in
building logistics parks, smart cities, and industrial parks along the
Gadkari said construction of 65,000 km of national highways is being
done under the Bharatmala Phase 1 and 2.
He said there is a plan to
develop around 35,000 km of highways under Bharatmala Phase-1 with an
overall capital expenditure of over Rs. 10 Lakh crore. 20,000 km of this
is already under construction.
The Minister said government is
expeditiously working towards the development of a National highway
network of 2 lakh kilometers by 2025.
Gadkari said today, India is becoming the largest EV market for
electric two-wheelers, three-wheelers, and carsand special efforts are
being taken towards the development of low-cost indigenous battery
Minister said with greater participation from the private sector and
increased government spending, opportunities for investors in the
country’s supply chain are on the increase.