Union road transport minister Nitin Gadkari has hinted at inviting public money to fund National Highway Authority of India (NHAI) projects. Industry sources claim that the NHAI IPO is in the works, and will soon get an approval from ministry of finance. The government is confident of raising Rs.10 trillion from investor subscriptions. The minister expects that the NHAI IPO[Read More…]
With an aim to minimise traffic snarls, the National Highway Authority of India (NHAI) has initiated a dedicated lane at toll plazas as FASTag lane. The FASTag lane is expected to promote electronic toll collection at toll plazas. For a hassle free experience, industry sources claim that the ministry of road transport and highways is banking upon electronic toll collection.[Read More…]
In a bid to leverage information technology, the Government is planning to bring all petroleum products together on an e-commerce platform, claim industry sources. They draw attention to a recent statement made by oil minister Dharmendra Pradhan. Addressing the India Mobile Congress event at Delhi, the minister is known to have said that there is a need to leverage the[Read More…]
India is seeking funds from World Bank and the Asian Development Bank (ADB) to procure electric buses in a bid to fuel its electric mobility plan. This, claim industry sources, was revealed by the union minister of road, transport and highways, Nitin Gadkari. Stating that the e-buses procured will be given to state road transport corporations, sources claim that the[Read More…]
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