+
No investments from China in Indian highway projects: Nitin Gadkari
ROADS & HIGHWAYS

No investments from China in Indian highway projects: Nitin Gadkari

Minister of Road Transport and Highways Nitin Gadkari told the media that Chinese companies have not made investments recently in highway projects in India.

In July 2020, amid the border standoff with China, Gadkari said that India would not allow Chinese companies to compete in India's highway projects, including those through joint ventures (JV).

India would have to expand its exports and decrease its imports, said Nitin Gadkari, Minister of Road Transport and Highways.

On US-based electric car major Tesla's demand of reduction in import duties on electric vehicles (EVs) in India, Gadkari said that the decision on providing any tax concession to Tesla will be taken by the finance ministry.

The US companies in a letter to the road ministry said that the effective import tariff of 110% on vehicles with a customs value over $40,000 is conditional to zero-emission vehicles.

US firms have urged the government to standardise the tariff to 40% on electric cars irrespective of the customs value and withdraw the social welfare surcharge of 10% on electric cars.

The government is seeing prospects regarding green hydrogen as a potential transport fuel, Gadkari said.

He said that India would have to increase its exports and reduce imports, to make India of the future.

Image Source

Also read: Bengaluru-Ennore expressway tendering process enters final lap

Minister of Road Transport and Highways Nitin Gadkari told the media that Chinese companies have not made investments recently in highway projects in India. In July 2020, amid the border standoff with China, Gadkari said that India would not allow Chinese companies to compete in India's highway projects, including those through joint ventures (JV). India would have to expand its exports and decrease its imports, said Nitin Gadkari, Minister of Road Transport and Highways. On US-based electric car major Tesla's demand of reduction in import duties on electric vehicles (EVs) in India, Gadkari said that the decision on providing any tax concession to Tesla will be taken by the finance ministry. The US companies in a letter to the road ministry said that the effective import tariff of 110% on vehicles with a customs value over $40,000 is conditional to zero-emission vehicles. US firms have urged the government to standardise the tariff to 40% on electric cars irrespective of the customs value and withdraw the social welfare surcharge of 10% on electric cars. The government is seeing prospects regarding green hydrogen as a potential transport fuel, Gadkari said. He said that India would have to increase its exports and reduce imports, to make India of the future. Image SourceAlso read: Bengaluru-Ennore expressway tendering process enters final lap

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code