With an aim to improve logistics efficiency, the central government, claim industry sources, is planning to develop five-to-six logistic parks. In this regard, A.D. James, Deputy Secretary, Union Ministry of Road Transport and Highways, is known to have said that the location of the logistics parks for the initial phase have been identified. Claim source that the parks are likely[Read More…]

The policy on vehicle scrappage is ready, and will be announced in the next few months, claim industry sources. They add that the objections and suggestions from the public have been looked into, and the final version of the policy draft has been prepared. The policy draft is expected to be tabled soon for the government to take a decision.[Read More…]

The National Highway Authority of India (NHAI) has received a mandate to raise Rs.70,000 crore through infrastructure bonds claim industry sources. Sources add that the easy availability of low cost overseas loans for the AAA rated NHAI should make it easier for it to raise the bonds. In connection with the impetus being put on infrastructure development, including highways, road[Read More…]

For a hassle-free movement of cargo, industry sources claim that the government has decided to make electronic toll tags mandatory for all vehicles contracted by the government departments. The decision, the sources added, was taken in an inter-ministerial meeting chaired by Nitin Gadkari, Minister of Road Transport and Highways, and attended by petroleum minister Dharmendra Pradhan and food and consumer[Read More…]