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The minister while speaking at the 95th FICCI Annual convention said India has been constructing world-class infrastructure. “We are making the World Standard Road infrastructure in the country and promising you that before the end of 24, our road infrastructure will be equal to the standard of the USA, American standards,” he said.
"Our logistics cost is a big problem. Presently, it
comes to 16 per cent, but I am promising you that up to the end of 24, we will take
it to the single digit, up to 9 per cent", he added.
The senior Modi cabinet minister added that his ministry was
also working to reduce the cost of construction by minimising the use of steel
through use of substitutes.
Speaking about the use of green hydrogen, he said, India is
an an “excellent” position and can emerge as a major exporter of the resource
in the near future. “In near future, green hydrogen will be a source of energy
in the aviation, railway, road transport, chemical and fertilizer industries.
India's potential to become a global manufacturing hub and exporter of green
hydrogen in near future. Sustainability is also increasingly recognized as an
important part of the construction industry", he added.
He also stressed on increasing the use of electric vehicles,
and his desire to scale up the automobile industry in India from Rs 7.5 lakh
crore currently to Rs 16 lakh crore.
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