Government approves nine PPP projects for road sector

The government on Wednesday said it has already approved nine public private partnership (PPP) projects to increase investments in road infrastructure.
Information on the new PPP projects was announced by union Minister of Road Transport and Highways Nitin Gadkari while addressing the 55th SIAM (Society of Indian Automobile Manufacturers) annual convention being held here.
"Infrastructure is the first step to improve and increase road network," Gadkari said.
The minister further announced that the government is planning to create a new "department of transport."
Gadkari elaborated that the new department will be headed by a secretary level official.
"The new department will have experts which will be abreast with the technical knowledge so that technical regulations can be designed better. This body will come into existence once the PMO (Prime Minister's Office) approves it," Gadkari said.
Other key government officials also participated in the event.
The Commerce and Industry Ministry's Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant said that auto industry would be a key growth driver for the country.
"If India has to grow at the rate of 7-8 percent, then the automotive and auto component industry have to be the key driver of this growth, not only in case of manufacturing but also innovation and frugal engineering," Kant said.
Kant also stressed upon the importance of connected cars and shared mobility, like services of Ola, Uber which are driven by technology.
Heavy industries and Public Enterprises' Secretary R.S Katoch said that while there have been high level concerns on emission norms of late, we have tried to put forth the case of the industry in the best possible way.
"There are a lot of misconceptions which we believe can be addressed with proper studies on the subject matter,” Katoch said.
SIAM President Vikram Kirloskar, who is also the vice chairman of Toyota Kirloskar Motor said that the last three years have been challenging for Indian automotive industry.
"However, the conditions have improved significantly over the past fiscal."
He added that the industry is hopeful that GST (goods and services tax) will soon be implemented.
Category :India
More News

Government Raises Windfall Tax on Diesel, ATF Exports; Petrol Levy Remains Unchanged

Southwest Monsoon Progresses Into Andhra Pradesh, West Bengal, Odisha, Bihar; Heavy Rains Forecast in NorthEast

Jaishankar Lodges Strong Protest With Rubio After US Navy Strike Kills Three Indian Seafarers

Ahmedabad Plane Crash Anniversary: Families Gather at Crash Site to Honour Victims

J&K Court Summons Hizbul Chief Syed Salahuddin, 3 Others to Appear on July 14

India Tightens Fuel Sale Rules, Restricts Bulk Purchase of Petrol and Diesel for 90 Days
Trending News

Messi Breaks New Ground: Historic Hat-Trick in 200th International Match
Donald Trump Jokes ‘I’m the Boss’ at G7 Summit, Lightens Mood Amid Global Tensions
Lionel Messi Marks Historic Sixth World Cup Appearance With Hat-Trick as Argentina Cruise Past Algeria
Shakira Celebrates 100th Concert in Los Angeles as Sofia Vergara Dances to ‘Hips Don’t Lie’
TV Actress Sanchita Ugale, Known for 'Kumkum Bhagya', Passes Away at 22
UN Welcomes US-Iran Truce as Guterres Backs Ceasefire and Fresh Diplomatic Talks
Iran Announces Immediate End to War, Says US Naval Blockade Will Be Lifted From Tonight
Trump Announces US-Iran Deal to Reopen Strait of Hormuz, End Naval Blockade Amid Energy Market Fears
Keeping Their Promise Vijay, Rashmika Reward Government Students From Actor's Ancestral Roots
Scotland Beat Haiti 1-0 to Register First World Cup Win Since 1990
Top News


