Updated On: 29 October, 2024 03:47 PM IST | Mumbai | mid-day online correspondent
Gadkari acknowledged India's heavy dependence on imported fossil fuels, costing approximately Rs 22 lakh crore annually, said India is making strides in biofuels derived from various sources such as corn, sugarcane juice, molasses, B molasses, C molasses and food grain

Spain`s Prime Minister Pedro Sánchez’ poses with Nitin Gadkari Minister of Road Transport & Highways Government of India, during the business forum in Mumbai on October 29. (Pic/AFP)
Union Minister for Road Transport and Highways, Nitin Gadkari, articulated a vision for India to emerge as the world's premier automobile hub within the next decade, at the Spain-India Business Summit held in Mumbai on Tuesday, reported news agency ANI.
Gadkari highlighted India's significant advantages in production costs and labour, expressing optimism about the country's potential to outpace current leaders, China and the United States.