President Ram Nath Kovind
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Union Minister Gadkari Predicts India's Auto Industry to Claim Global Top Spot Within 5 Years
During an exclusive interview with NDTV's Editor-in-Chief, Sanjay Pugalia, Gadkari projected India's auto industry to ascend to the pinnacle of global rankings within the next five years. He underscored the industry's current valuation at Rs 12.5 lakh crore, its contribution of 4.5 crore jobs, and its significant GST contribution to both central and state governments.
Gadkari Envisions India's Road Infrastructure Rivaling the US in the Next Five Years
Over the past nine years, the Ministry of Road Transport and Highways has awarded contracts for projects worth more than Rs 50 lakh crore. Gadkari emphasized the importance of robust infrastructure for attracting domestic and foreign capital investment, alleviating poverty, and generating employment.
Gadkari Highlights India's Construction Sector as Third Largest in Ranking
Additionally, Gadkari endorsed precast concrete as a sustainable substitute and encouraged industry collaboration for the use of sustainable materials and alternative fuels. The 5-day CII EXCON 2023, South Asia's largest construction equipment trade fair, includes over 1,000 exhibitors and attracts global participation.
Dwarka Expressway: Gadkari inspects country's first elevated highway
Gadkari was accompanied by Union Minister of State for Statistics and Programme Implementation and Planning (Independent Charge) and Gurugram MP Rao Inderjit Singh; Union Minister of State for Road Transport and Highways and Civil Aviation VK Singh; and Delhi Lieutenant Governor VK Saxena. Delhi MPs Parvesh Verma and Ramesh Vidhuri were also present.
With govt set to keep driving growth of highways, ministry eyes more funds
Sources said that gross budgetary support in the range of Rs 2.20 lakh crore or more in the upcoming budget for capital and revenue expenditure in the Financial Year 2023-24 is quite likely. In the last budget (FY 2022-23) the Centre had earmarked nearly Rs 1.99 lakh crore as the Gross Budgetary Support (GBS) for the roads and highways ministry.
Government's goal is to cut down on accidents by 50% by 2024 end: Nitin Gadkari at Auto Expo
The event will be open for businesses on January 13 from 11 a.m. to 7 p.m. It will open for the general public from January 14 to 18 from 11 a.m. However, the closing timings are 8 p.m. for January 14-15, 7 p.m. for January 16-17 and 6 p.m. for January 18. In his inaugural address, Gadkari urged the auto industry to enhance safety features in vehicles to reduce deaths due to road accidents.
Policy on setting up ethanol pumps is in works, says Nitin Gadkari
Addressing the Bio-Energy summit organised by industry body CII, he said that he would be meeting Petroleum Minister Hardeep Puri within the next 15 days to work on a policy to set up ethanol-based pumps in the country. The minister added that there is a requirement of 1,000 crore litre of ethanol if it is blended with petrol by up to 20 per cent.
By 2024, Indian Roads to match US Standards: Nitin Gadkari
"It is going to help us get more exports", the Minister said, adding that now is the time to increase our business and presence in the international market. The Minister further stated that before 2024 ends, India's road infrastructure would be equal to the US standards. The Minister was addressing the annual convention and 95th AGM of FICCI.
Tata Sons Chairman responds to Nitin Gadkari letter, assures evaluating new investment opportunities
"I have gone through the information in your letter about the various business opportunities in Nagpur for the Tata Group. I have also noted the availability of both SEZ and non SEZ land in areas which are well connected via road, rail and airways," said the Nitin Gadkari's written letter on October 19.
NHAI InvIT Non-Convertible Debentures listed on BSE
Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors.
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