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By 2024, Indian Roads to match US Standards: Nitin Gadkari
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IANS | 16 Dec, 2022
Union
Road Transport and Highway Minister Nitin Gadkari on Friday said that
logistics cost, which is 16 per cent of GDP presently, will fall to
single digits, by 2024.
"It is going to help us get more
exports", the Minister said, adding that now is the time to increase
our business and presence in the international market.
The
Minister further stated that before 2024 ends, India's road
infrastructure would be equal to the US standards. The Minister was
addressing the annual convention and 95th AGM of FICCI.
Gadkari
said that India is the fastest growing major economy in the world and is
all set to achieve $5 trillion GDP by 2024-25. He said India is on the
path to building an inclusive Bharat by following the vision of the
Prime Minister Narendra Modi by boosting investment, economic growth,
and employment creation to achieve sustainable development. However, "we
need to have cooperation, coordination and communication between all
stakeholders", he said.
In addition, Gadkari noted the research
in battery chemistry and said, "We should be the leaders in the sector".
He added that the government aims to double the automobile sector to Rs
15 lakh crore. "This will create new jobs and make India one of the
biggest automobile manufacturers in the world.". Moreover, underscoring
the importance of sustainability in the construction sector, he noted,
"We are trying to minimise the use of cement and steel in construction
work by adopting substitutes like fly ash, oil slag, waste plastics,
demolition waste."
Minister Gadkari invited FICCI to prepare a comprehensive growth plan for the next fifty years for all sectors.
On
the occasion, Sanjiv Mehta, President, FICCI, noted that the
"all-inclusive, all-pervasive, and all-round development initiatives" of
the government are transforming India, with each step bringing the
nation closer to Aatmanirbhar Bharat. He added that the National
Logistics Policy would be instrumental in creating an integrated pathway
towards economic development. Moreover, he said, "the increased
spending on infrastructure development is leading to a multiplier effect
in rejuvenating the aggregate demand in the economy."
"Infrastructure
construction alone has the potential to contribute 25 per cent of
incremental growth in non-farm jobs by 2030", he added.
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