India's Ambition to Lead the Global Automobile Industry
Union Minister Nitin Gadkari expressed India's ambition to become the world's leading automobile industry in five years. With significant progress already made, he highlighted logistics cost reductions and major investments in infrastructure as catalysts. A recent report projects the express industry to double in size by 2030.
- Country:
- India
The Indian government, under the leadership of Union Minister Nitin Gadkari, aims to propel the country's automobile industry to the top of the world rankings within five years.
Speaking at the launch of a report by The Express Industry Council of India and KPMG, Gadkari underscored the massive growth potential of the express industry.
The minister also emphasized the significant reduction in logistics costs from 16% to 10% of GDP, attributing this to extensive investments in expressways and economic corridors.
(With inputs from agencies.)
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