India is aiming to double the size of its automobile industry to Rs 15 lakh crore by the end of 2024, making it one of the world’s top countries in this sector, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday.
Gadkari also said that his ministry will carry out project works worth Rs 5 lakh crore next year, of which Rs 2 lakh crore will come from the government and the rest will be raised from the capital market.
“Currently our automobile industry is Rs 7.5 lakh crore and we want to take it to Rs 15 lakh crore by the end of 2024, making it one of the largest automakers in the world, creating huge job opportunities,” Gadkari said at a virtual session of Merchants’ Chamber of Commerce and Industry.
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