Nitin Gadkari Discusses $7.93 Billion Ropeway Projects in India
Union Minister for Road Transport and Highways, Nitin Gadkari, announced that India has 360 proposals for ropeway and cable car projects valued at $7.93 billion. He spoke at an event focused on financing innovative products from Germany, Austria, and Switzerland in New Delhi.
Gadkari invited companies from these countries to collaborate on these projects and over 300 tunnel projects. He stressed the importance of creating joint ventures to make these projects economically viable, given India’s low per capita income and limited paying capacity.
He expressed openness to suggestions for infrastructure solutions, emphasizing India’s vast potential. Gadkari highlighted the need to balance economic development with ecological protection and mentioned the ‘Make in India’ initiative to promote local manufacturing of ropeway components.
Gadkari’s priority is to standardize policies and transform the ropeway industry by making projects affordable and focusing on indigenous, cost-efficient solutions without compromising safety.
Doubts Revealed
Nitin Gadkari -: Nitin Gadkari is an Indian politician who is the Union Minister for Road Transport and Highways. He is responsible for developing and maintaining roads and highways in India.
Ropeway Projects -: Ropeway projects involve building systems where people or goods are transported in cabins or cars suspended from cables. These are often used in hilly areas or for tourism.
$7.93 Billion -: $7.93 billion is a large amount of money, equivalent to about 65,000 crore Indian Rupees. It represents the total investment planned for these projects.
Make in India -: Make in India is a government initiative to encourage companies to manufacture their products in India. It aims to boost local manufacturing and create jobs.
Germany, Switzerland, Austria -: These are countries in Europe known for their advanced technology and expertise in building ropeways and cable cars. India is inviting companies from these countries to help with the projects.
