Page 2 - Nitin Gadkari

India's logistics cost will come down to single-digit in two yrs: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Thursday said India's logistics cost will come down to single-digit within the next two years. Addressing an event organised by NITI Aayog, Gadkari said the ministry is constructing several highways and expressways, which will help reduce India's logistics cost. "Within two years, we are going to reduce our logistics cost to 9 per cent," he added. According to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics cost in India ranged between 7.8 per cent to 8.9 per cent of GDP for the fiscal 2021-22. Gadkari said there is huge potential for India to export alternative fuels and biofuels. He also pointed out that low-quality coal is useful for making methanol. The minister further said he aimed to make the Indian automobile industry number one in the world. Last year, India had overtaken Japan to become the third-largest automobile market in the world, only behind the

Research on 15% ethanol blending in diesel in advanced stages: Gadkari

Union minister Nitin Gadkari on Monday said that the research around blending 15 per cent ethanol in diesel is in advanced stages, and the government is exploring ways to prioritise it based on sound evidence. Addressing the Confederation of Indian Industry's (CII) Bio Energy Summit 2024, Gadkari further said according to government data, ethanol blending in India has surged from 1.53 per cent in 2014 to 15 per cent in 2024. Spurred by this progress, the government has set an ambitious target of reaching 20 per cent blending in petrol by 2025, the road transport and highways minister said. Gadkari said the progress on building an ethanol ecosystem -- where ethanol pumps can complement ethanol production and launch of vehicles that can run on ethanol are on fast-track in four states -- Karnataka, Tamil Nadu, Uttar Pradesh, and Maharashtra. He pointed out that Indian Oil has decided to put 400 ethanol pump stations. "We are meeting automakers as well including Suzuki, Tata, and ...

Soybean yield should be raised to be self-reliant on edible oils: Gadkari

Union minister Nitin Gadkari on Sunday underlined the need to increase the per-acre yield of soybeans to achieve self-sufficiency for India in the production of edible oils. He mentioned that the dependence on large-scale imports of palm oil from Indonesia and Malaysia can be reduced by promoting soybean cultivation and edible oil production on the domestic front. "There is a great need to increase the per-acre productivity of soybean to make India 'aatmanirbhar' in terms of edible oils. We also need to reduce the cost of cultivation along with this," Gadkari said while addressing the 7th International Soy Conclave in Indore via video conferencing, India imports about 60 per cent of its edible oil requirement. Gadkari said the government was taking various measures through the National Edible Oil Mission to ramp up the production of soybeans which includes the development of improved seeds of this oilseed crop. He expressed confidence that with the joint efforts of the government

Gadkari not afraid to speak if something wrong, says Sharad Pawar

Pawar acknowledged that Gadkari's decision-making process prioritises national benefit over party politics

Timely subsidy payment uncertain as funds needed for Ladki Bahin: Gadkari

Union minister Nitin Gadkari has said the Maharashtra government's Ladki Bahin scheme, introduced to provide financial assistance to women, could affect the timely payment of subsidies in other sectors. Latching onto the BJP leader's comments, the opposition NCP (SP) and Shiv Sena (UBT) said if those in the government were saying the state's economy is in distress, then it is a matter of concern. Under the state government's flagship 'Mukhyamantri Majhi Ladki Bahin Yojana', married, divorced, and destitute women aged 21-65 will receive Rs 1,500 per month, with the annual family income of beneficiaries capped at Rs 2.5 lakh. The scheme, introduced ahead of the upcoming Maharashtra assembly polls, is expected to cost the state exchequer Rs 46,000 crore annually. Addressing a public event in Maharashtra's Nagpur on Sunday, Gadkari said, "It is uncertain whether investors will receive their subsidy payment on time, as the government also has to allocate funds for the Ladki Bahin ...

Who was Sant Tukaram, the inspiration behind Pune airport's new name?

The Maharashtra government has approved the proposal to rename Pune International Airport to 'Jagadguru Sant Tukaram Maharaj Airport' and now awaits the Centre's nod

Nitin Gadkari inaugurates world's tallest bamboo tower in Chhattisgarh

Gadkari urged the state government to formulate a policy encouraging bamboo use, stating that it could improve the socio-economic conditions of tribal communities in the region

India's logistics cost will come down to single-digits in 5 yrs: Gadkari

India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit' here, Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost. "I am confident that within five years our logistics cost will be in single-digit," he said. However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP in 2021-22. The road transport and highways minister further said he aimed to make the Indian automobile industry number one in the world. Last year, India had overtaken Japan to become the third-largest automobile market in the world, only behind the US and China, he said. According to him, the size of India's automobile industry rose from Rs 7.5 lakh crore in 2014 to Rs 22 la

Export of electric two-wheelers from India has lot of potential: Gadkari

Exports of electric two-wheelers from India has a lot of potential, specially to markets where Indian manufacturers are already selling conventional engine counterparts, Union Minister Nitin Gadkari said on Tuesday. Speaking at the launch of Revolt Motors' electric commuter motorcycle here, Gadkari said 50 per cent of motorcycles produced in India are exported and major players like Bajaj Auto, Hero MotoCorp, and TVS have a large presence in the international markets. The minister asked Revolt Motors to explore markets in the neighbouring countries as well as Africa and Latin America. Anjali Rattan, Co Founder and Chairperson of Rattan India Enterprises -- the promoter firm of Revolt Motors -- said the company has firmed up plans for exports to Sri Lanka to start with. The company is exploring export opportunities in Nepal, Africa, and Latin America as well. Revolt Motors on Tuesday launched its commuter bike RV1 with introductory prices of Rs 84,990 and Rs 99,990 for two variants

We will not spare you: Gadkari fumes at poor upkeep of EPE, warns operators

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday came down heavily on agencies and contractors over ill-maintained roads, saying good operators would be awarded but bad ones would be "driven out of the system". "We will not spare you. We'll ensure that bank guarantees of those doing bad work are forfeited and after this, we will blacklist you, not allow you to apply for new tenders," the minister said. His warning came after he noticed the bad maintenance of the Eastern Peripheral Expressway that he took to reach Ghaziabad to inaugurate a tree plantation drive 'Ek Ped Maa Ke Naam' under the 'Swachhata Hi Seva 2024 - Swabhav Swachhata - Sanskar Swachhata' campaign. During his address, the minister highlighted the strides in development made under the government, the ministry and the National Highway Authority of India, citing data, expenditures and the future vision for the sector. He also emphasised the need for pro-environment policies and initiatives like ...

Nitin Gadkari says he was offered support for PM's post, but he declined

Union minister Nitin Gadkari has said a political leader once offered to support him if he were to enter the race for the Prime Minister's post, but he declined the offer stating he did not nurse such an ambition. The senior BJP leader was speaking at a journalism awards function in Maharashtra's Nagpur city on Saturday. "I remember one incident -- I would not name anyone -- that person said 'if you are going to become prime minister, we will support you'," Gadkari said, without specifying when the conversation took place. "But, I asked why you should support me, and why should I take your support? To become the prime minister is not the aim in my life. I am loyal to my conviction and my organisation, and I am not going to compromise for any post because my conviction is foremost for me," he said. In his speech, the minister underlined the importance of ethics in both journalism and politics. Recalling a meeting with a senior CPI functionary, Gadkari said he told the communist lea

Was offered support to enter race for PM post, but declined, claims Gadkari

Union minister Nitin Gadkari on Saturday said a political leader once offered to support him if he were to enter the race for the Prime Minister's post, but he declined the offer stating that he did not nurse that ambition. "I remember one incident -- I would not name anyone -- that person said 'if you are going to become prime minister, we will support you," Gadkari said at a journalism awards function here, without specifying when the conversation took place. "But, I asked why you should support me, and why should I take your support. To become the prime minister is not the aim in my life. I am loyal to my conviction and my organisation, and I am not going to compromise for any post because my conviction is foremost for me," the senior BJP leader added. In his speech, Gadkari underlined the importance of ethics in both journalism and politics. Recalling a meeting with a senior CPI functionary, Gadkari said he told the communist leader that late A B Bardhan was among the tallest

No toll up to 20 km on highways: How new satellite-based toll system works

Under new rules, private vehicles with GNSS can travel up to 20 km daily for free on select highways; a fee will be applied beyond 20 km

Auto sector needs to focus on customer service, quality assurance: Gadkari

The Indian automobile industry is at the cusp of a revolution and it needs to focus on customer service, after-sales and quality assurance, Union Minister Nitin Gadkari said on Wednesday. In a video message to the Auto Retail Conclave organised by Federation of Automobile Dealers Associations (FADA), Gadkari, the Minister for Road Transport and Highways acknowledged that automotive dealers play a key role in realising the government's mission of a self-reliant India. "The automotive industry is at the cusp of the revolution, and as we look to the future, it is critical that the sector continues to innovate, especially in areas like customer service, after-sales and quality assurance," Gadkari said. The minister further said, "As a distributor of automobiles, you play a pivotal role in the government mission of 'make in India' and contribute significantly to realising our vision of self reliant India." Stating that the government deeply values the role that FADA and its members play

Road accidents causing 19 deaths every hour; Nitin Gadkari raises alarm

The Union Minister urged all motor vehicle manufacturers to establish driving schools to ensure awareness of local rules and regulations.

Indian EV market potential likely to touch Rs 20 trillion by 2030: Gadkari

Union Minister Nitin Gadkari forecasts India's EV market could hit Rs 20 trillion and 10 million annual sales by 2030. He expects the sector to create 5 million jobs

I am not against incentives on EVs, but its not my call: Nitin Gadkari

Within two years, the cost of an EV will be the same as petrol and diesel vehicles. They don't need subsidies as there already is an advantage with electric as a fuel, he says

EVs can maintain cost without subsidies but won't oppose incentive: Gadkari

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the finance and heavy industries ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association (ACMA), Gadkari, the Minister for Road Transport and Highways, said within two years, the cost of EVs will be the same with their petrol and diesel counterparts. "First of all, I am not against any subsidies. I don't have any problem," Gadkari said when asked if more incentives were needed to accelerate electric mobility as adoption in India has not been as expected. Elaborating his views, he said at one point the price of the lithium ion battery was USD 150 per kilowatt hour. Now it is something USD 108 to 110 per kilowatt hour. "I am confident it will come to USD 100," he asserted. Moreover, he said the manufacturing of EVs has witnessed

Substantial subsidies for electric vehicles are no longer required: Gadkari

At the BNEF Summit, Union Minister Nitin Gadkari highlighted the lower GST rates on electric vehicles compared to those on petrol and diesel vehicles

India's highway overhaul: 74 tunnels to transform road infrastructure

The Ministry of Road Transport and Highways will build 74 new tunnels across India, spanning 273 km, with an estimated cost of Rs 1 trillion