"We will probably start work on Meghalaya to Myanmar project from next month. The cost of the project is Rs 5,000 crore," Road Transport, Highways and Shipping Minister Nitin Gadkari told reporters here.
India, Thailand and Myanmar are working on a 1,400 km long highway that would link the country with Southeast Asia by land for the first time in decades, a move which would give a boost to trade, business, health, education and tourism among the countries.
"Waterways are more cost effective than roads and railways and so any goods required to be traded to Myanmar or Bangladesh could be done in a very cost effective manner. This will finish before 2018," Gadkari said.
With the Cabinet approving Rs 2,000 crore from a central fund for development of water transport, operationalising at least 10 of the 111 national waterways by next year is on top of the government's agenda.
The work includes development of three multi-modal hubs at Varanasi in Uttar Pradesh, Haldia in West Bengal and Sahebganj in Bihar.
Pitching for environment-friendly initiatives, Gadkari also said that the country could be flooded with electric commercial and passenger vehicles by December, as a move to curb dependence on crude oil and cut emissions.
He noted that India needs to encourage electric as well as bio-diesel and ethanol-fuelled vehicles.
On concerns on lack of infrastructure for charging electric vehicles, the minister said, "In Nagpur we started electric vehicles now we have 10 electric charging stations... so the technology is there and if we have more vehicles we will get more charging stations."
Gadkari also suggested that shipping corporations should explore use of liquefied natural gas (LNG) as an alternative source of fuel to save on costs.
The minister also told reporters that he would discuss lowering the goods and services tax (GST) rates on hybrid vehicles with the finance ministry.
Under the GST rates, hybrid cars, which are considered eco-friendly, are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, same as those of large luxury cars and sports utility vehicles (SUVs).
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
