The Ministry of Shipping has prepared a plan to set up 27 industrial clusters at ports in different parts of the country aimed at attracting global automobile parts manufacturers.
A total of Rs 8 lakh crore will be invested for these industrial corridors in the next five to eight years, and the government expects that it will generate 40 lakh direct and another 60 lakh indirect jobs, Union Transport and Shipping Minister Nitin Gadkari said here.
The government will spend another Rs 5 lakh crore to provide the road and railway connectivity to these clusters, the minister said.
Old vehicles can be transported to automobile manufacturing hubs set up in ports and they can be recycled into finished products. “Besides, these hubs can also import old vehicles from other countries for scrapping and manufacturing new products. It will help us in Make in India, and a global leader in automobile parts manufacturing,” he said. Read More…