Indian Construction Equipment Manufacturers to Add 2% to GDP; Add 50 lakh Jobs, Says Gadkari

Indian Construction equipment manufacturing has come of age in India and is likely to add 2 per cent to the country’s GDP over the next two years besides add another 50 lakh jobs in the next five years, said Nitin Gadkari, Union Road Transport, Highway and Shipping Minister on Wednesday November 25, 2015 at the inauguration of Excon 2015 in Bangalore.  

"We want to make this industry of international standards. We want to change our rules and regulations," Gadkari said.

"At the same time, our target is within two years adding of 2% by my department to the GDP of the country... It is 2% by road sector, by shipping, inland water ways and automobile industry," he added.

Gadkari was speaking after inaugurating the international construction equipment and construction technology trade fair, Excon 2015 here.

Stressing on the importance of creation of jobs, he said his agenda was to create 50 lakh jobs in five years.

He said there is a need for skilled manpower with the addition of new technology and innovation to the sector.

"We have 22% shortage of drivers...; we are now going to open a new scheme for training of drivers..." Asking industry to concentrate on skilling the manpower, he said, "Skill and scale both are very important." "By training the manpower in India we can encourage employment potential. This is one of the targets of my ministry and policy of our government," he added.

Listing out various projects undertaken by his department, Gadkari said that they have also decided to make our roads green.

A workshop in this regard has been conducted in Delhi, he said, adding that "from June we are going to start the scheme, it is a plan of five years, for Rs 5,000 crore." Advocating adapting technology of international standards, Gadkari said, "we are ready to accept any modern new technology, and an expert committee has been constituted to submit a report after studying things at various countries."