Stay updated with breaking news from Bot Model. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India Business News: Gadkari said the government's primary focus lies in transforming road infrastructure into electric highways, accommodating electric buses and trucks.
The Indian government plans to bid out road projects worth over ₹2 lakh crore through the build-operate-transfer (BOT) model by March 2024. This shift from the engineering, procurement, and contract (EPC) model will encourage private players to build high-quality roads that they will be responsible for maintaining for 15 years.
Talking to ET, Gadkari said, "We welcome Tesla to India. India is a big market with all types of vendors present here. If it manufactures locally in India, it will get concessions. But if you make it in China and want to sell in India, then there is no concession policy available."
India News: NEW DELHI: In a major policy shift, starting this financial year, the National Highways Authority of India (NHAI) will bid out nearly 75% of the highw.