Union Minister of Road Transport and Highways Nitin Gadkari on Thursday said India can well become the number one economy in the world but it would take some effort and the proper utilisation of technology and innovation, even as it is on course to dislodge Japan in the rankings.
Speaking at the Swadesh Conclave 2024, he said the country has moved ahead on economic growth and was well on its way to becoming Viksit Bharat.
Highlighting the need to utilise technology and innovation, he said India can progress far ahead if it ensures the development of rural, agricultural and tribal economies. Gadkari said the agricultural stubble that has ended up polluting Delhi in the recent past will now power automobiles as bio-ethanol after treatment at a plant in Panipat.
India’s fuel import bill of Rs 16 lakh crore can be reduced by the use of alternative fuels such as bio-ethanol and bio-CNG as well as give farmers’ a lifeline for greater prosperity. He said if biofuel can be used to reduce India’s fuel import bill, it can be used instead to improve agriculture.
The ethanol industry is a boon for farmers, with the demand for ethanol set to increase, reshaping India’s agricultural economy, he asserted.
The Union Minister said, “Flex cars will be a boon for farmers. Ethanol is swadeshi and farmers will reap all its benefits. Like petrol pumps, ethanol pumps will be there.”
He said the prices of petrol, diesel, and electric vehicles will become equal in the future since many Indian companies are establishing plants to manufacture cars and two-wheelers that run on 100 per cent ethanol.
The ethanol-run cars which are produced by Toyota are being personally used by Gadkari himself. He said, “This is the world’s first vehicle which has a flex engine and complies with emission norms of Euro 6. It gives net zero emissions. Runs on ethanol produced from sugarcane juice, molasses, and corn.”
Recently, Toyota announced their plans to set up a plant in Aurangabad, Maharashtra to produce flex cars. They will be investing Rs 20,000 crore in this project. Additionally, Gadkari mentioned that Tatas and Suzuki are also working on producing cars with 100 percent ethanol or flex engines.
Gadkari emphasised other manufacturers have also been working on bringing a flex engine. “Such vehicles will reduce pollution, save costs, and benefit farmers. This vehicle works on 100 per cent ethanol,” he said.
The Road Transport and Highways Minister also threw light on the use of plastic waste from the Ghazipur landfill in laying NHAI road projects underway, including the Delhi-Mumbai Expressway.
Earlier, 15th Finance Commission Chairman NK Singh addressed the session on India’s economic growth. He said the country’s GDP has been growing at about 8 per cent over the last four years. India used to contribute 25 per cent of the world GDP.
Singh said this government is focused on economic growth, and capital expenditure to foster private investment. He drew attention to the challenges posed by climate change which now calls for restructuring agriculture.
The road to Viksit Bhrat 2047 lies in promoting services and manufacturing equally with added focus on setting up labour-intensive industries, he said.