Synopsis
The minister said the government s initiatives such as collateral-free automatic loans for business, including MSMEs, and Rs 50,000 crore-equity infusion through MSME Fund of Funds, which benefits companies with higher credit ratings, will generate tremendous business opportunities. There s a huge potential for small hotel partners, agents to tap into this and look at expanding their offerings catering to the needs of tourists, he said.
MUMBAI: Infrastructure projects in the pipeline will help boost tourism as well as create opportunities for MSMEs, according to Union Minister for MSME and Roads, Transport and Highways Nitin Gadkari. The infrastructural projects in the pipeline as part of the central government s plans have laid the foundation of AatmaNirbhar Bharat and will also boost domestic tourism in the country. Innovation is key to the revival of the travel and hospitality sector.
Union Minister Nitin Gadkari on Tuesday asked automakers to build flex-engine vehicles for using alternative fuel. Road Transport, Highways and Shipping Minister Nitin Gadkari, talking to a delegation ofcarmakers from the Society of India Automobile Manufacturers (SIAM), on Tuesday stressed the need for indigenous technology for flex-fuel vehicles. Gadkari has urged car manufacturers to give priority to the indigenous production of flex engines, which can be used in vehicles using alternative fuels such as ethanol, the Ministry of Road, Transport and Highways said in a statement. The minister said that with ethanol beginning to be easily available in the country and over 70 per cent of gasoline consumption being done by two-wheelers, there is a need to develop indigenous technology for flex fuel vehicles.
India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the country, Union Minister Nitin Gadkari told Reuters.
The Minister for MSME and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption
Union Minister Nitin Gadkari on Monday said that with the goal of Aatmanirbhar Bharat, the government is committed to create multiple opportunities for MSMEs, boost tourism with the help of upcoming.