Page 28 - Nitin Gadkari

Gadkari urges IITians to focus their research on use of bio-technology

With the country moving towards clean fuels, Union Minister Nitin Gadkari on Saturday urged IITians to focus their research on the use of biotechnology for the production of bio-CNG, bio-LNG and green hydrogen from biomass. Green hydrogen will be used in various industries like chemicals, fertilizers, and also in the transportation sector in the future, Gadkari said, urging the young engineering man-power of the country to do research on manufacturing green hydrogen from electrolysis of sewage water and bio-digestion of organic wastes. This will also help municipalities of the country in implementing the 'Swachh Bharat Mission' along with value-addition in the form of waste to wealth, the minister said while speaking at Alankar-2022, a global leadership summit organised by Shailesh J Mehta School of Management in IIT Bombay. "We require prioritising needs-based research... research should come up with import substitute, cost-effective, pollution free, indigenous solutions. We need t

Letter surfaces showing Gadkari seeking investments from Tatas in Nagpur

At a time when Maharashtra is losing many big-ticket projects to neighbouring Gujarat, a letter written by Gadkari, seeking investments from the Tata Group in and around Nagpur has surfaced

Union Minister Gadkari pitches for investments from Tata Group in Nagpur

Union Minister Nitin Gadkari has sought investments from the Tata Group in and around Nagpur, citing strengths like infrastructure, land availability and connectivity in his home city. In a letter to Tata Sons Chairman N Chandrasekaran on October 7, Gadkari, who handles the road transport and highways portfolio, said group companies engaged in businesses like steel, auto, consumer products, IT services and aviation can choose to invest in Nagpur. The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat, like the over Rs 1.5 lakh crore investment from Foxconn-Vedanta on chip manufacturing and the Rs 22,000 crore aircraft manufacturing project where the Tata Group has tied up with Airbus. At a recent event, Chandrasekaran had said the Tata Group is exploring investments in electronics, renewable energy, electric vehicles and other modern sectors, and is engaged with the newly formed state government under Chief ...

Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT

Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya

Retail portion of NHAI InvIT to rise going ahead, says Nitin Gadkari

Enthused by the overwhelming retail investor response to the recent InvIT from NHAI, wherein NCDs worth Rs 1,430 crore were issued, Union Highways Minister Nitin Gadkari on Friday said the retail portion will go up in new such fund-raising ahead. The minister was addressing a gathering at BSE after listing the second tranche of the NHAI Infrastructure Investment Trust (InvIT) and NCD, which earlier this month raised Rs 1,430 crore and the issue was oversubscribed nearly seven times. As much as 25 per cent of the issue was reserved for retail investors, but NHAI had not said how many times the retail portion was oversubscribed instead saying it had an overwhelming response. Infrastructure investment trusts are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. "We want more and more general public to invest in these InvITs, I mean in our roads, and I can assure you that NHAI's roa

Gadkari discusses investment opportunities with Australia to boost ties

Promoting India-Australian bilateral trade and investments, Union Minister Nitin Gadkari emphasised on the investing opportunities in India including the transport infrastructure sector

Highway construction slows down, one-fourth target achieved till September

The Covid-19 pandemic and an unusually long rainy season have kept the authorities from reaching the annual highway construction target of 12,000 km

Cannot make cycle tracks in Mumbai due to space constraints, says Gadkari

Union Minister Nitin Gadkari has said it is difficult to make cycle tracks in the financial capital due to space constraints, which make it impossible to widen roads. Gadkari, who handles the road transport portfolio, underlined that it is important to encourage the sustainable and healthy habit of cycling. We can make dedicated tracks in tier-II and tier-III cities, he added. "Actually, I am supporting your idea (of cycle tracks). But my practical problem is that in the city area, it is very difficult to increase the width of the road. In Mumbai, we cannot make cycle tracks," Gadkari said during an interactive meeting with institutional investors organised by Philip Capital here on Monday evening. Without elaborating on it, the minister said there are also "encroachments and political problems" in Mumbai, which make the job of creating dedicated cycle tracks difficult. The remarks from the minister come amid reports of the most ambitious 40-km cycle track project in Mumbai not ta

Centre eyeing state highways with high traffic for lane expansion: Gadkari

The Centre is mulling a scheme under which it will take over state highways having high-traffic density for expansion, Union Minister Nitin Gadkari said on Saturday. Gadkari, who handles the road transport and highways portfolio, said a state highway will be expanded into a four or six lane road by the Centre and toll will be collected for 25 years before handing the asset back to the state. "we will take that highway from the state government (and) will collect the toll," Gadkari said, speaking at a convention organised by the Association of National Exchanges Members of India (ANMI) here. The minister, who has built a reputation for constructing mega road projects across the country, exuded confidence that the money invested for a particular highway's expansion into a 4-6 lane carriageway can be recovered in 12-13 years itself. He, however, did not offer any elaboration on the evinced plan like if the Centre is in talks with any states or the overall outlay under this or if such

September sees revival in national highway construction: Govt data

The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari

National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing an event organised by National Highways Infra Trust, Gadkari said that of the additional fundraise, around Rs 1,500 crores are being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will be listed on BSE and NSE providing an opportunity for investors to invest and trade, he added. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Gadkari said that the InvIT, so far, has raised more than Rs 8,000 crore from foreign and Indian institutional investors.Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flo

Gadkari launches Toyota's pilot project on flex fuel-strong hybrid EV

Union minister Nitin Gadkari on Tuesday launched Japanese car maker Toyota's first-of-its-kind pilot project on flex fuel-strong hybrid electric vehicle (FFV-SHEV) that can run on 100 per cent ethanol. During the launch, the Toyota Corolla Altis FFV-SHEV, which has been imported from Toyota Brazil for the pilot project, was unveiled. Speaking on the occasion, Union Road Transport minister Nitin Gadkari said pollution is a big concern in India and the transport sector is contributing to pollution. "Therefore, there is a need to encourage use of electric vehicles and vehicles that run on biofuels like ethanol and methanol," he added. Besides Gadkari, union ministers Mahendra Nath Pandey, Bhupinder Yadav and senior officials of Toyota Kirloskar Motor were present at the event. In Brazil, flex fuel-strong hybrid electric vehicle technology has been introduced by Toyota Brazil. An FFVSHEV has a flex-fuel engine and an electric powertrain, thus providing dual benefit of higher ethanol

Top headlines: World stocks at 2-year lows; Mulayam cremated in Saifai

There was a modest respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked debt

Centre will make UP's road infrastructure equivalent to USA, says Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Saturday said that before the end of 2024, the centre would make the road infrastructure of Uttar Pradesh equivalent to that of the USA

Gadkari announces projects worth Rs 7,000 crore for Uttar Pradesh

Union Road Transport and Highways Minister Nitin Gadkari on Saturday announced projects worth Rs 7,000 crore for Uttar Pradesh and said that by 2024, the road infrastructure of the state will be at par with that of the US. After the inauguration of the 81st session of the Indian Road Congress (IRC), Gadkari said a total of Rs 5 lakh crore will be invested on roads in Uttar Pradesh before 2024, an official release said. Stating that a gift of Rs 7,000 crore is being given to Uttar Pradesh, he said this includes the Shahabad bypass-Hardoi bypass of Rs 1,212 crore, Shahjahanpur to Shahabad bypass of Rs 950 crore, Moradabad to Kashipur National Highway (Rs 2,007 crore), 13 railway over bridges (Rs 1,000 crore), among others. Gadkari said that by 2024, the road infrastructure of Uttar Pradesh will be at par with that of America. For achieving the target of USD 5 trillion economy, as directed by Prime Minister Narendra Modi, the road network is most important, Gadkari said. The need of

National Highways Infrastructure Trust issues Rs 1,500-crore NCDs

Minister Gadkari had said will tap public funds for highways

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India can become 'super economic power', says Union Minister Nitin Gadkari

Union Transport Minister Nitin Gadkari on Friday said that India can become a "super economic power" given its economic potential. He was speaking on the topic "India's Growth" at an award ceremony organised by Pune Mirror, an English daily. As much as 52 to 54 per cent growth in the country comes from the service industry, 20 to 24 per cent from the manufacturing industry and agriculture and allied sectors contribute 12 to 14 per cent growth, he said. "India is the fastest growing economy....I feel there is huge potential for the Indian economy and we can become a super economic power," he said. The industrial growth in urban areas is good but it lags in rural and tribal areas and in agriculture, he noted. "So the most important challenge before the Indian economy is how we are going to create an economy which is going to create more employment potential," he said. "We are importing petrol and diesel worth Rs 17 lakh crore and creating pollution in the country. We can diversify

Nitin Gadkari urges Mercedes-Benz to increase car manufacturing in India

Union Minister Nitin Gadkari on Friday asked German premium car maker Mercedes-Benz to produce more cars locally and emphasised that such a move reduces the cost besides increasing affordability. Speaking at the rollout of Mercedes-Benz India's first locally assembled EQS 580 4MATIC EV from its Chakan manufacturing facility in Pune, Gadkari, who is the Minister for Road Transport and highways, said that there is a huge market for electric vehicles in the country. "You increase the production, only then it is possible to reduce cost. We are middle-class people, even I can't afford your car," the minister said. The latest EV from the German car maker comes with a price tag of Rs 1.55 crore. The EQS 580 joins the company's EQC SUV and AMG EQS53 4MATIC flagship EV. Mercedes-Benz India started its electro-mobility drive in India with the launch of its all-electric SUV EQC as a fully imported unit in October 2020 priced at Rs 1.07 crore. There are a total of 15.7 lakh registered electr