TIL Desk/Business/New Delhi/ The government is planning to come out with a new transport policy, that will focus on innovation and reforms in the country’s public transport system and will also have provisions for financial support for such initiatives, Union Minister Nitin Gadkari said on Thursday.
The minister also urged State Transport Corporations to switch to alternative fuels like CNG, LNG and bio-fuel like ethanol to save costs and reduce India’s dependence on crude import which amounts to a massive Rs 7 lakh crore per annum.
“Within a month, a new transport policy will be declared. We will promote new innovations and research and there will be provisions for financial support to players who want to bring new technology and innovation,” Gadkari said at International Conference and Exhibition on Public Transport Innovation 2020 at Manekshaw Centre here.
The Road Transport, Highways and MSME Minister said, the policy is being designed in such a fashion that it will focus on innovation and reforms and all obstacles on the way have already been removed.
