Post Date : November 23, 2021
Union Minister for Road Transport and Highways Nitin Gadkari while addressing ICC’s annual session on [email protected] ‘Empowering India: Today for Tomorrow’, highlighted that the Government is fast-tracking the development of the two lakh kilometers of national highway network, which is expected to be up and running by 2025.
The minister in his address said, cutting-edge technology, innovations, and digitalisation would lead to all-inclusive and sustainable development.
On the development so far, Gadkari mentioned that a total construction of 65,000 km of national highways is being done under the Bharatmala Phase 1 and 2. There are plans to develop around 35,000 km of highways under Bharatmala Phase-1 with an overall capital expenditure of over Rs 10 lakh crore, of which 20,000 km is already under construction, he said.
While observing the developing EV market in India and its potential, the union minister said special efforts are being made to develop low-cost indigenous battery technologies.
Stating that startups and new entrants in the EV industry are performing well over traditional auto players, he said that with greater participation from the private sector and increased government spending, opportunities for investors in the country’s supply chain are increasing.
Further Gadkari talks about the green highway mission and mentions that the Government is carrying out tree plantation and transplantation along the National Highways, where larger participation of the local communities, farmers, NGOs, and private sector is expected.
Adding he said, that the private sector could utilise the benefits of enormous investment in infrastructure and invest in building logistics parks, smart cities, and industrial parks along the corridor.