The Economic Times Supply Chain Management & Logistics Summit 2023 featured interaction between audience members and Nitin Gadkari, Minister of Road Transport and Highways, Government of India. India now has the world’s fastest-expanding economy. Our nation has to grow exports while lowering imports in order for our honorable prime minister to create a $5 trillion economy. One of the prosperous automobile sectors examples is relevant to my department. The business is worth 7.5 lakh crores, and up to this point, it has employed more than 150 crore people, making it the sector that generates the most jobs, according to Union Minister Nitin Gadkari.
Road networks have witnessed significant expansion, growing by 59 percent over the past nine years, according to the PTI report. This growth has propelled India to the position of having the second largest road network globally, trailing only behind the United States. Gadkari highlighted that the country’s road infrastructure now spans an impressive 145,240 kilometers, a substantial increase from 91,287 kilometers in the year 2013-14. As per the report, it is noteworthy that China had previously held the distinction of having the second largest road network.
The implementation of FASTags, a digital toll collection system, has played a pivotal role in reducing waiting times at toll plazas. Currently, the average waiting time is 47 seconds, and the government is actively working to decrease it to below 30 seconds by implementing additional measures.
Nitin Gadkari, Minister of Road Transport & Highways, Government of India, spoke to the crowd at ET SCM Summit 2023 and stated, “With the scrapping of vehicles, we will reduce the cost of the components by which we can make it more economically viable.”
As the Minister for Road Transport and Highways, he has been at the forefront of initiatives promoting the use of electric vehicles and renewable energy sources. His emphasis on reducing pollution and finding sustainable solutions aligns with the global shift towards a greener future. Gadkari’s ministry has prioritized the development of the Eastern Peripheral Expressway, Delhi-Meerut Expressway, and Vadodara-Mumbai Expressway. It has also got the nod for the Bharat Mala project that aims to develop 5,500 km of new roads along the country’s international borders and coastal areas. Another 6,000 km of roads to connect religious and tourism centers in mountainous terrain are expected to come up, while national highways will be developed to connect district headquarters in the country.
ET SCM Summit 2023 Sarbananda Sonowal, Minister for Ports, Shipping and Waterways, Government of India on Wednesday joined ET SCM & Logistics Summit 2023. Addressing the gathering at ET SCM Summit 2023, Sarbananda Sonowal, Minister for Ports, Shipping and Waterways, Government of India emphasized on the importance of “Prakriti, Praani, Paani aur Praan” (Nature, Creature, Water, Life).
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