Confident India will emerge as the top manufacturing hub for EVs: Nitin Gadkari
India is well poised to emerge as the world’s foremost manufacturing hub for a variety of electric vehicles, and this should happen in due course of time, believes Nitin Gadkari, Union Minister for MSME, Road, Transport and highways.
The Minister added that besides the electric technology for automotive, the use of fuel ethanol, methanol biodiesel and bio CNG is being proactively promoted.
“The country is now focussing on the huge potential of biofuels and I am 100% confident that in due course of time, India will emerge as the number 1 manufacturing hub for electric cars, electric bikes, electric buses, electric two-wheelers,” Gadkari said at the inaugural session of TiE Global Summit 2020 held today.
“We are making ethanol from sugarcane, molasses and corns. The government has given permission for making it from the rice. Besides various new technologies, we are doing research on hydrogen fuel cells. In Public transport too, new research and innovations are being carried out. I believe these are the emerging sectors where a huge potential lies for the country,” Gadkari said.
Calling Covid both a crisis and an opportunity for Indian businesses, particularly for MSMEs, he said Indian automobile industry’s turnover now stands at Rs 4,50,000 crore
