Gadkari envisions India as global leader in Construction Equipment Manufacturing by 2028
he construction sector will have a significant contribution to the Prime Minister's vision to make India a carbon neutral economy and said to achieve this goal, the government is embarking on major infrastructure and industrial projects that implement sustainable fuels.
The Minister for Road, Transport and Highways, Nitin Gadkari wants India to take the top spot when it comes to Construction Equipment Manufacturing, in the next five years.
"The construction sector in India currently ranks as the world's third-largest. Yet, by fostering collaborative endeavors among stakeholders, and corporations, and through substantial government support, we have the potential to propel it to the top spot within the next five years,” Gadkari said, addressing the 12th edition of the CII Excon 2023.
Road to sustainability
Talking at South Asia’s largest construction equipment trade fair organised by the Confederation of Indian Industry (CII), the minister emphasised that the construction sector will have a significant contribution to the Prime Minister's vision to make India a carbon neutral economy and said to achieve this goal, the government is embarking on major infrastructure and industrial projects that implement sustainable fuels.
“Construction and mining operations consume 400 crore liters of diesel, which is quite detrimental to the environment and the economy. By embracing alternative fuels such as ethanol, methanol, and hydrogen, the construction and mining sectors can effectively reduce emissions. Precast concrete emerges as a commendable substitute for traditional concrete. We advocate for industry collaboration to bolster the capabilities of construction through the use of sustainable materials and alternative fuels,” he added.
Chandrajit Banerjee, Director General, Confederation of Indian Industry, in the inaugural session said, “Currently, India's construction equipment industry is exporting to over 140 countries. To enhance sustainability and efficiency, private players in the construction sector should focus on automation, the adoption of advanced technologies, global best practices, the use of alternative fuels, and innovations in utilizing waste materials as raw materials for construction projects. This approach aims to reduce both the cost of construction and the rate of pollution.”
RELATED ARTICLES
Aston Martin Cuts Price Across India Line-Up by up to Rs 4 Crore Following India-UK FTA
The British luxury carmaker has revised prices across its entire India portfolio, becoming the latest brand to pass on i...
Cummins India Q1 Revenue Rises 18%, Profit at ₹543 Crore
Strong domestic demand drove revenue growth, while higher commodity costs and inflationary pressures weighed on margins....
ASK Automotive Q1 Profit Rises 29% to ₹85 Crore, Rrevenue up 52%
Broad-based growth across braking systems, aluminium components and cables helped ASK Automotive post a strong first qua...


12 Dec 2023
3496 Views
Autocar Professional Bureau
