Trains ordered for Busan metro Line 1
CRRC to supply Noida metro trains
Jakarta – Bandung DBOM concession agreed
Myanma Railways orders Indian locomotives
DBK-Leasing completes Ijara wagon deal
Bangkok railway engineering education agreement signed
Singapore sovereign wealth fund takes stake in Railpool
Bangkok monorail lines approved
Contactless ticketing to be tested in Singapore
Union Minister for Road Transport & Highways and MSME Nitin Gadkari has assured the bus and car operators of the country that the government is fully aware of their problems, and will fully support them to mitigate their issues. He said that he is in regular touch with the Prime Minister Narendra Modi and the Union Finance Minister Smt. Nirmala Sitharaman, who are working overtime to uplift the economy during these difficult days of COVID-19 pandemic. He said that the Government is working on the resumption of the public transport system in the country.
Addressing the members of Bus and Car Operators Confederation of India through video conferencing mode, Gadkari said:
The opening of transport (resumption of public transport) and highways will go a long way in instilling confidence among the public. He said public transport may open soon with some guidelines. He, however, cautioned towards maintaining social distance and adopting all safety measures like hand washing, sanitizing, face masks, etc while operating buses and cars.
Responding to concerns raised by the audience, Gadkari informed that his ministry is looking at adopting the London model of public transport, where government funding is minimal and private investment is promoted. He also pointed out the poor standards of Indian bus and truck bodies which he said, work for only 5-7 years, whereas the European models last for up to 15 years. Gadkari emphasized adopting their good practices, which will also be economically viable for indigenous industry in the longer run.
Gadkari said that he is aware of the tight financial condition of the Indian market during the ongoing pandemic. But, all stakeholders will have to work together to combat it. He pointed towards a very good business opportunity being offered by the world industry, which is trying to wriggle out of the Chinese market. He said the Indian industry should grasp this opportunity to invite those foreign companies to invest with them in India. He expressed confidence that the country and its industry will together win both the battles – the one with Corona, and the one with the economic slowdown.
Members of the confederation made suggestions for improving the condition of public transport which include extending interest payment exemptions, restarting public transport, extending age, life limit, deferring state taxes, extending MSME benefits, extending insurance policy validity, etc.
In another video conference with members of SIAM, Gadkari suggested them to focus on enhancing liquidity in business, as ups and downs are common. He added that one needs to plan for bad times while working for growth. Gadkari also said that the automotive industry should focus more on innovation, technology, and research skill to become competitive in the global market.
Gadkari informed that he has set a target of constructing roads worth Rs 15 lakh crore in the next two years. He said, his ministry is working overtime to clear all arbitration cases with concessionaires.
After the resumption of public transport in the country, the economy will start working on the track.
The post Govt of India works on resumption of public transport system soon appeared first on Urban Transport News.
This article first appeared on www.urbantransportnews.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.