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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.
Assuring that the auto sector needs a major boost, Gadkari said that he will propose a reduction of GST on vehicles to the finance ministry.
The ongoing slowdown in the domestic auto industry is not just a worry for the vehicle manufacturers but also for the government and the country.
However, Union Finance Minister Smt. Nirmala Sitharaman said that the Centre alone cannot make the decision on the cut and the GST Council will have to be roped in.
On another hand, NITI Aayog has submitted a proposal to the Centre to ban electric two and three-wheelers by 2025 while Gadkari said the government doesn’t plan any ban on petrol or diesel vehicles, although it is very concerned about rising pollution and high oil imports.
Reminding the importance of green mobility, Gadkari said the auto industry should look to adopt cleaner fuel as pollution and oil imports of Rs 6-7 lakh crore remain big issues for the country. He further clarified that there will be no complete ban on existing petrol and diesel engine vehicles.
The post India to commission Rs.500,000 cr road infrastructure projects in 3 months appeared first on Urban Transport News.
This article first appeared on urbantransportnews.com
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