Our Target is to Become a Manufacturing Hub of Construction Equipments in the World: Nitin Gadkari

Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways Nitin Gadkari has said: “our target is to make our country a manufacturing hub of construction equipment in the world”. While addressing a webinar ‘CII’s Virtual Exhibition on ‘Construction Equipment, Technology, Components and Aggregates’ through Video Conference today he said, “to achieve the objective of self-reliance, we need to reduce imports and boost the manufacturing of various components and parts in the automobile sector which are presently being imported”. He appealed to all the industries in the sector to develop industrial clusters, Technology Centres, Research labs and up gradation of technology and skills.

Nitin Gadkari assured the stakeholders to extend all possible support in developing technology centres in India. He also stressed on the need for research and cost reduction without compromising quality.

“Entire industrial sector today is facing a lot of challenges in the wake of COVID-19 crisis, but we have to fight all the challenges with a positive frame of mind and make automobile industry a manufacturing hub for construction types of equipment,” Nitin Gadkari said. To achieve this, cost reduction without compromising with quality, be a must, he added and also exhorted the participants to face the challenges of issues thrown up by COVID-19 pandemic.

The Minister called for research, innovation and technology up-gradation and emphasised on the need for joint ventures and foreign collaborations to get easy finance and compatible technology. Maximum use of LNG, CNG and biofuels can reduce the cost.

“Government is also working on integrating and developing all kinds of transport like waterways, sea transportation, rail, road and air transports which will reduce the logistic cost and help industries in a big way” he added. He said, “government is proactively making changes in policies for achieving self-reliance (Aatm Nirbharta) as envisioned by the Prime Minister”.

Nitin Gadkari further said that to encourage MSMEs definition of MSMEs has been changed, credit facility and fund of funds have been created for these industries. He said, work is going ahead on a new scrapping policy for the Transport sector, the Government is ready to support enterprises in all possible ways, and industries should come in with innovative plans, so that we may fulfil the dream of a manufacturing hub in the automobile sector.

Nitin Gadkari also emphasised on clearing MSME dues by all on priority. He called upon large industries and business houses/Companies to treat this as an essential matter. He asked CII members to help in the development and growth of ancillary units/industries to supply spare parts.