In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic growth and in turn, thrive on demand growth.
“The road ahead demands that our progress is rapid while also being sustainable. Working (on) greener and cleaner mobility is a vital step in this direction. It is important that this climate-conscious and sustainable vision resonates with domestic and international partners,” he said.
He added, at this critical juncture for India and the world, it is essential that the automobile sector set not only an example for others to follow, but also work towards bringing global best practices to India. “I am confident that the discussions and deliberations during the Annual Convention will serve as a catalyst for this,” Modi added.
He said over the last decade, India’s automotive sector has witnessed tremendous and unprecedented growth. “This is as much a testament to our nation’s expanding economic growth, as it is to the pivotal role played by the automotive industry,” Modi said.
Through innovation and enterprise, the Prime Minister said the automotive industry will drive even higher economic growth and in turn, thrive on the demand that growth creates. The country is investing massively in the development of future-ready infrastructure, such as state-of-the-art expressways, high-speed railways and other forms of multi-modal connectivity that reaches every corner, the Prime Minister said, adding, “The holistic approach is ensuring that the benefits of growth are not just confined to a few, but shared by all.”
