The Vice President of Auto Components Manufacturers Association (ACMA) for the last one year, Nirmal K. Minda, Chairman and Managing Director, Uno Minda, has been elected as the president of the Indian auto components body. He takes over from Rattan Kapur, Managing Director, Mark Exhaust Systems Limited. Speaking at the 57th Annual Convention of ACMA at Delhi, Nirmal K Minda[Read More…]
NITI Aayog has signed an agreement with Geneva-based International Road Federation for cooperation towards building an Intelligent Transportation Systems (ITS), and to design a policy framework for the same. The National ITS policy is expected to serve various domains like traffic management, parking management, electronic enforcement of traffic rules and regulations. According to K.K. Kapila, Chairman of the International Road[Read More…]
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…]
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