Growing urbanisation a big challenge; Need to develop satellite cities: Kamal Nath
Speaking at the valedictory session of the 11th Auto Expo in Delhi, Mr. Kamal Nath, Minister of Urban Development, congratulated CII, SIAM and ACMA on successfully organizing the exhibition. He said he was delighted to see the increasing vitality in every expo and changing profile of visitors since 2006, with the age profile of visitors falling every year. He further said that this sector has been an index of the economic health of the nation and after observing the success of the Auto Expo, nobody can say that the Indian automobile industry has been seeing a down trend.
He stated that in the last several years India has been both adopting and adapting to globalization challenges. Yet India has been unique in some sense, with its youthful demographic profile. He stressed that growing disposable income in rural areas will be key for the growth of this sector. He further stated that growing urbanization is a huge challenge for the government and a strong urban planning process is needed to address this issue. In this regard, he has asked all the cities with a population greater than 2 million to prepare DPRs for Metro rail. His Ministry is currently working on developing satellite cities (suburbanization) in a planned manner keeping in mind the surge in traffic in future. He expressed his concern that India will be home to 382 million cars by 2050 and 32% of these will be in just 12 cities.
Mr. Rajive Kaul, Chairman, Auto Expo 2012 Steering Committee and Past President & Chairman – Trade Fairs, CII, declared this Expo a huge success. He stated that this time around 1500 exhibitors from 24 countries have participated with 58 new launches, 9 new concepts and 12 green vehicles. Large crowds visiting the exhibition demonstrate the high aspiration of India’s young population. Although the auto industry has been constrained by several challenges such as high inflation, high interest rates and depressed global economy, this Auto Expo has been a success despite all odds. There has been a sheer display of quality, technology, design and R&D capability at every pavilion. The Indian automobile sector is now at par with global standards and has emerged as a global manufacturing hub. With these capabilities, he said that the auto industry which has been growing at a compound annual growth rate of 15% over the past 5 years should continue the growth streak in future as well.
Mr. S. Sandilya, President, SIAM, said that this Auto Expo has displayed new launches and has also facilitated direct dialogue between producers and customers. He, however, has asked for a bigger venue and change in the timing of the Expo from January to early February to accommodate people’s expectations.
Mr. Arvind Kapur, President, ACMA, said that despite all odds and infrastructure challenges, this Auto Expo has been a success. In addition, he highlighted that OEMs are playing a pivotal role in the growth of Indian auto sector. The Indian auto industry is now ready to compete with the best in the world and is eagerly looking forward to many more such exhibitions. However, he highlighted that in order to showcase the achievements of the industry in a better format, a bigger venue is required.
11th January 2012
Rocky Singh - About Author:
India's auto industry reported tremedous growth in all aspects; be it passenger cars, Utility vehicles, Vans/ MPV's, two wheelers, commercial Vehicles or three wheelers.
Published by Marie Flair on July 13th 2012 | Business
Published by McKay on July 6th 2012 | Business
Published by Fastrack on February 20th 2012 | Advertising
Published by Auto Insurances on January 14th 2012 | Business
Published by Mike Stover on December 29th 2011 | Business
Published by Larry Ellison on January 5th 2012 | Business
Published by Auto Insurances on January 16th 2012 | Business
Published by Insurance Inde on January 13th 2012 | Business
Published by Malavesean on July 2nd 2012 | Business
Published by Car Donation24 on July 13th 2012 | Business
Published by on April 4th 2012 | Business
Published by Marie Flair on April 9th 2012 | Business
Published by Safinajones on December 22nd 2011 | Business
Published by Adam Smithy on July 12th 2012 | Business