India to commission Rs.500,000 cr road infrastructure projects in 3 months


India to commission Rs.500,000 cr road infrastructure projects in 3 months

Union Minister for Road Transport and Highways Nitin Gadkari said that the central government will commission 68 road infrastructure projects worth Rs 5,00,000 crore in the next three months to boost demand for commercial vehicles.

In response to question on banning diesel and petrol-fueled vehicles, he clarified that petrol and diesel-engine vehicles will not be banned even as the country’s huge crude oil import and inflated levels of pollution remain a concern.

Speaking at an event hosted by Society of Indian Automobile Manufacturers (SIAM) in last week, Gadkari said that the road infrastructure projects will generate demand for construction equipment and heavy commercial vehicles, sales of which has remained subdued for the past 8 to 9 months.

The auto sectors are in crisis as commercial vehicle sales down by a massive 40% in August due to the revised axle-load norms and halt in several infrastructure projects in the country. Read more

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