New Delhi, April 9 Union Road Transport and Highways Minister Nitin Gadkari said on Thursday that a clear vision for future development is essential to achieve the ultimate goal of becoming a global leader and a "super economy."
Speaking at AIMA's 11th National Leadership Conclave, the minister said it is crucial to identify key areas (for future development) where potential exists.
He also emphasized the need to focus on research, which becomes the basis for proven technology, economic viability, availability of raw materials, and marketability for finished goods.
"You need to understand the potential of the export sector that will be in demand in the future, and identify import substitutes where we can excel," he said.
Citing the example of the agricultural and related sectors, he said that under the blue economy, only fishing can become a Rs 7 lakh crore economy (contributor). Half of that amount can be exported, he said.
"Therefore, we need to understand what the future holds in terms of development," he added.
He also suggested that we need to reduce production costs while maintaining quality.
"Honesty, credibility, and goodwill are the biggest assets of the 21st century," he said, adding, "we will soon become a global leader and a super economic power."