• Increase in road traffic has led to decrease in Railway income: Nitin Gadkari

    Nitin Gadkari, Minister of Road Transport, Highways and Shipping, on Wednesday said that an increase in road traffic has led to decrease in Railway income. Speaking at the CNBC-TV18 Auto Summit, Gadkari said people prefer to commute by vehicles due to better roads and good roads are an advantage to the auto industry.
    Speaking on electric vehicles, Gadkari said that he was confident electric vehicles will be a success story. He urged the auto industry to manufacture more electric vehicles.
    “I think if the prices come down, electric cars will do well. We need to focus on research for electric vehicles,” Gadkari said.
    Gadkari said that it is the right of the government to impose a diesel levy. He went on to say that the Petroleum Ministry is working on a huge refinery in Madhya Pradesh.
    Speaking on Make in India, Gadkari said, “Manufacturing in India is an incentive for all companies and the sector must accept international standards.”
    Gadkari said that his ministry has submitted a scrappage policy to the Finance Minister and promised to take up taxation issues too.
    Speaking on the policy front, Gadkari said that any industry must have a long standing policy. He said that the auto industry should give maximum potential for employment generation.
    Gadkari said that the Centre is giving Rs 900 cr every year to state governments to improve black spots. “In terms of road engineering & safety we are taking preventive measures,” Gadkari added.
    Speaking on heavy traffic on major roads across various cities in India, Gadkari said that his ministry has already asked an IT company to research the cause of traffic jams. John Franklin-Myers Authentic Jersey

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