Automobile sector growing, wide scope for startups in India, says Union Minister Nitin Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari on Friday inspected a selection of start-up products related to transport and commuting at a special interactive function organised by Science and Technology Park in Pune, Maharashtra, according to an official press statement.

The minister said, “There is wide scope for the start-ups in the automobile industry with the help of proven technology, economic viability, availability of raw material, and marketing.”

The use of electric vehicles in the county is increasing and Pune has the potential to become a transport hub for these vehicles, he added during an event.  

Gadkari also conducted a virtual inauguration of Green Joules – a Start-Up under STP (Pune) for converting agro-industrial waste into useable diesel fuel.

The minister said that the new technology with the use of ethanol, and other biofuels are cost-effective, pollution-free, and substitutes for imports.

“Automobile Industry is growing in the country. The major manufacturers want to export their products from India. This industry has huge potential and can offer major job opportunities in the country”, he added.

He further said that there is a need to focus on research and start-ups as per the local needs and emphasized the need for coordination, cooperation, and communication about the new technology within the various government departments.

The Minister further said that we must think about viable alternatives to imports and alternative fuels for the growth of the country.

Scitech Park, established in 1986, is promoted by the Ministry of Science and Technology, Government of India. It acts as a bridge between Industry – Research – Academia; to promote S&T innovations and entrepreneurship.

STP (Pune) provides all support and services needed by entrepreneurs and start-ups including (i) coaching and mentoring in IPR, technology management, strategic planning, business development, financial modeling, accounting, HR etc. and (ii) physical infrastructure like prototyping facility, small manufacturing setups, shared R&D facilities, co-working spaces etc.