India

After Nitin Gadkari’s warning, Chinese companies do not invest in highway projects in India!

In recent times, Chinese companies have not invested in highway projects in India, said Union Minister Nitin Gadkari. In view of the situation on the India-China border, Gadkari had said in July 2020 that India would not allow Chinese companies to participate in highway projects with joint ventures. Since then, no Chinese company has invested in highway projects in India. In June last year, India and China clashed. In it, 20 Indian soldiers were killed, after which Gadkari had made it clear that he would not allow Chinese companies to invest in highway projects.

In the coming period, India will have to increase its exports and reduce its imports. Only then will it benefit the country’s economy, said Gadkari, the Union Minister for Road Transport and Highways. In a recent interview to PTI, Gadkari spoke on other topics. Replying to a question on import duty on vehicles, Gadkari said the decision on Tesla’s demand for reduction of import duty on electric vehicles (EVs) in India would be taken by the Finance Ministry.

Meanwhile, Nitin Gadkari is well known for his work. The Emergency Landing Field (ELF) was inaugurated by Union Defense Minister Rajnath Singh and Union Road Transport Minister Nitin Gadkari a few days ago. On this occasion, Minister Nitin Gadkari had promised the Indian Air Force that emergency landing fields for Armed Forces aircraft would be ready in just 15 days instead of a year and a half.

The post After Nitin Gadkari’s warning, Chinese companies do not invest in highway projects in India! appeared first on Loksatta.

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