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Time of India
an hour ago
- Time of India
Nitin Gadkari promises single-digit logistics cost in India by 2026
Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Union Minister of Road Transport and Highways, Nitin Gadkari , on Sunday affirmed that India's logistics cost will come down to single-digit by the end of logistics cost of India is 14-16 per cent, China's is 8 per cent, and Europe and America have 12 per cent each, Gadkari said, addressing the event in the national capital that marked the inauguration of two major National Highway projects by Prime Minister Narendra Modi."I want to assure the Prime Minister and all of you that before the end of 2026, the logistics cost of our country will come in the single digits, which will be very important for our exports. We will become even more competitive," the Minister said. Prime Minister Modi today inaugurated two major National Highway projects worth a combined cost of nearly ₹11,000 projects -- the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II) -- have been developed under the Government's comprehensive plan to decongest the capital, with the objective of greatly improving connectivity, cutting travel time, and reducing traffic in Delhi and its surrounding 10.1 km long Delhi section of Dwarka Expressway has been developed at a cost of around Rs. 5,360 crore. The section will also provide Multi-modal connectivity to Yashobhoomi, DMRC Blue line and Orange line, the upcoming Bijwasan railway station and the Dwarka cluster Bus Depot. This section comprises:The Prime Minister earlier inaugurated the 19 km long Haryana section of the Dwarka Expressway in March Minister also inaugurated the Alipur to Dichaon Kalan stretch of Urban Extension Road-II (UER-II) along with new links to Bahadurgarh and Sonipat, built at a cost of around ₹5,580 will ease traffic on Delhi's Inner and Outer Ring Roads and busy points like Mukarba Chowk, Dhaula Kuan, and NH-09. The new spurs will provide direct access to Bahadurgarh and Sonipat, enhance industrial connectivity, reduce city traffic, and expedite goods movement in the NCR.... With both these projects, the people of Delhi NCR will get great relief from traffic jams. If I say that the problem of 50 per cent traffic jam in Delhi will be reduced due to these highways, I think it will not be surprising," Union Minister Gadkari said.
India.com
an hour ago
- India.com
IITs Not Just Academic Hubs, But Innovation Engines For Self-Reliant India, Says Dharmendra Pradhan
New Delhi, Union Education Minister Dharmendra Pradhan on Sunday said that India's premier institutions, particularly the IITs, will be the foundation of a self-reliant nation. Sharing his thoughts after having breakfast with students at IIT Delhi, the minister described the institutes as central to building a strong ecosystem of technology, innovation, and entrepreneurship in the country. Pradhan wrote on social media platform X that IITs are not just centres of academic excellence but also vital contributors to India's innovation landscape. "Our IITs will be the bedrock of a self-reliant India", he posted. He stressed that with the "rock solid support" of Prime Minister Narendra Modi, the country's young generation will rewrite the rules of technology and business. "Backed by the rock solid support of PM Narendra Modi, our talented Yuva Shakti are going to rewrite the rules of technology, innovation and entrepreneurship and build a 'Samridhh and self-reliant Bharat'," the Union Minister added. The minister expressed confidence that India's talented youth will play a decisive role in shaping the nation's future. He said the government remains committed to nurturing talent and providing the right support so that the country can emerge as a global hub for innovation and entrepreneurship. Pradhan reaffirmed that IITs will continue to serve as hubs of creativity, equipping students with the mindset and skills required for a self-reliant India. "Taking forward the clarion call by Hon'ble PM Shri @narendramodi ji given during his decisive Independence Day address, interacted with students of @iitdelhi this morning to emphasise on the need for achieving self-reliance, ignite collective action for driving national priorities and fulfilling the vision of 'Samridhh Bharat' by 2047", he wrote on X. "Learnt more about their dreams and aspirations, areas of research, the technological challenges they are pursuing currently and their perspectives on the challenges and opportunities outlined by PM Modi ji. Also, shared my views on enhancing capabilities and expanding the spirit of innovation. Encouraged the students to bring forward their innovative ideas, work on the challenges and keep hustling until we achieve self-reliance in every sphere. PM Modi ji's govt. stands shoulder to shoulder with India's innovators and researchers for shaping a brighter future for our coming generations and also for establishing India as a global hub of solutions." "Confident that the talent, tenacity and resolve of our youth coupled with the pursuit of self-reliance will pave the way for strengthening Bharat's capabilities as well as enhancing her technological and economic sovereignty." Also Read: Karnataka Government's Study Abroad Program Sees Huge Response With Over 5000 Students Enrolled
Hans India
an hour ago
- Hans India
India-Maldives bilateral trade jumps 3-fold in last 7 years
Bilateral trade between India and the Maldives has registered a more than 3-fold jump over the past seven years from $223 million in 2017–18 to $680 million in 2024–25, according to official figures. India's exports to the Maldives rose from $217 million in FY 2017-18 to $561 million in FY 2024-25, while imports from the Maldives expanded from $6 million to $119 million during the same period. The trade between the two countries is expected to increase further with Prime Minister Narendra Modi announcing a Rs 4,850 crore line of credit to the Maldives during his recent visit to the island nation last month. Additionally, PM Modi announced that discussions for a free trade agreement have also started between the two countries. India has decided to promote renewable energy in the Maldives and will share its experience in this sector with the Indian Ocean neighbour. PM Modi visited the Maldives at the invitation of President Mohamed Muizzu and attended the country's 60th Independence Day celebrations as the Guest of Honour. This also represented a turnaround in relations with the Muizzu government, which came to power in 2023. The turnaround in the bilateral ties assumes significance as President Muizzu, known to be close to China, was known for his anti-India rhetoric while in the opposition as part of his political strategy to oust the earlier government. The Maldives is one of India's key maritime neighbours in the Indian Ocean Region, and the overall bilateral ties, including in areas of defence and security, witnessed an upward trajectory under the previous governments in Male. This sentiment is embedded in India's Neighbourhood First policy and the MAHASAGAR vision, which recognises that the security and prosperity of the region are inseparable. India's approach is grounded in the belief that small island nations are not peripheral actors in global affairs but are frontline states in the fight against climate change, guardians of critical sea lanes, and partners in maritime security. The Maldives, straddling vital shipping routes, occupies a central place in India's Indian Ocean strategy.
