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Home Manufacturing

Govt aims to boost automobile industry value

Fiinews by Fiinews
May 10, 2021
in Manufacturing, Technology
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Gadkari highlights the untapped potential of bio-CNG

The government aims to boost the value of the automobile industry from Rs.450,000 crores to Rs.1,000,000 crores, while developing import substitutes for fuels with ionized electric vehicle batteries.

Stating this, Minister for Road Transport and Highways Nitin Gadkari highlighted the untapped potential of bio-CNG formulated from Bagasse, while emphasizing the need to step into a ‘waste to wealth’ generation.

Gadkari shared the market prospects at the virtual Closing Ceremony of the Global Online Certification Course on Supply Chain Digitization and Management, that was conducted by the National Institute of Industrial Engineering (NITIE), Mumbai.

Addressing the ceremony on 10 May 2021, Gadkari also discussed about sustainable models of growth for India’s rural handloom and Khadi businesses, the adoption of solar roof-top panels and grids.

Also, Gadkari stressed on the crucial role of India’s MSME sector in strengthening socio-economic growth and highlighted the goal to increase its contribution to Indian exports from 48% to 60%, while adding 5 crore jobs in the next 5 years.

To support the same, he outlined the various cutting-edge technological advancements that can improve India’s logistics, transport and supply chain infrastructure, including alternative fuels (e.g. Methanol) and Electric Vehicles.

Spread across 10 weekends, the 30-hour virtual course was filled with several engaging lectures and case-discussions to upskill 2,500+ industry professionals, budding managers and academicians in various digitization strategies that enhance supply chain competitiveness and can help tackle supply chain disruptions and risks, such as the COVID-19 pandemic. It was launched in January 2021.

The course’s participants were affiliated with 250+ prestigious national and international organizations, including academic institutions such as the IITs, IIMs, University of London and University of Warwick, and eminent companies like P&G, HUL, ITC, Amul, General Mills, IBM and Deloitte. #technology #fuel #OPEC #investment #manufacturing /fiinews.com

Tags: National Institute of Industrial Engineering
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