India to see sales of 30.81 mn electric vehicles by 2040: Amitabh Kant
The Dollar Business Bureau NITI Aayog Chief Executive Officer (CEO) Amitabh Kant said on Thursday that the strong push by the Government towards e-mobility is targeted towards making India an export hub for electric vehicles. “The vehicle penetration in the country is the lowest among the developing countries. At present, India has 20 cars per 1,000 people whereas the US has 800 cars,” Kant said while addressing the 57th Annual Convention of SIAM in New Delhi. “Other countries will have the problem to make the switch to electric but India has the advantage to become the leader because of its low penetration levels. We must make India the export hub for electric vehicles,” he said. He also said that the country may be slow ...
India to sign TIR customs convention on international transport of goods
The Dollar Business Bureau India looks set to join the TIR Convention also known as the "Transports Internationaux Routiers" or "International Road Transports" Convention as it is keen to establish the seamless trade connectivity that TIR Convention members enjoy with Southeast Asia and the Eurasian region. By joining this convention India can reap the full benefit of INSTC or International North South Transportation Corridor, which grants access to the Eurasian province via Iran. This will also allow India to gain advantageous position in its trade in the South Asian Growth Quadrangle countries (Bangladesh, Bhutan, Nepal) through the BBIN (Bangladesh, Bhutan, India, Nepal) Motor Vehicles Agreement. As of July 2016, there are 70 parties to the TIR Convention which includes 69 states and the ...
Secretaries of Transport of India, Myanmar & Thailand meet on the proposed MVA
Source: PIB, Government of India Considering the importance of closer regional economic cooperation and integration through enhanced regional connectivity by road for cross-border to improve connectivity and people to people contact for furthering the shared goal of overall economic development, a meeting of the Secretaries of Transport of India, Myanmar and Thailand (IMT) was held in Bangkok, Thailand on July 13-14, 2015 to reach consensus on signing and operationalising the IMT Motor Vehicle Agreement (MVA) which has been under negotiation since March 2015. It may be recalled that the text of the MVA was already finalized by the three countries in the Transport Secretaries meeting, held in June 2015 at Bengaluru, India and the meeting at Bangkok was primarily to discuss ...
India, Nepal, Bhutan and Bangladesh sign a landmark Motor Vehicles Agreement
Source: PIB, Government of India The Union Minister for Road Transport & Highways and Shipping, Nitin Gadkari (extreme right) with the Minister of Road Transport and Bridges, Bangladesh, Obaidul Quader, the Minister of Information and Communications, Bhutan, Lyonpo D N Dhungyel and the Minister of Physical Infrastructure and Transport, Nepal, Bimalendra Nidhi on the occasion of signing of the Motor Vehicles Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic between Bangladesh, Bhutan, India and Nepal, in Thimphu, Bhutan on June 15, 2015. Source: PIB, Government of India India, Nepal, Bhutan and Bangladesh signed a landmark Motor Vehicles Agreement (MVA) for the regulation of passenger, personnel and cargo vehicular traffic among the four South Asian neighbours in Thimpu, ...
GoI approves signing of the Bangladesh, Bhutan, India and Nepal Motor Vehicle Agreement
Source: PIB, Government of India The Cabinet has approved signing of the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic amongst BBIN. The agreement will be signed on June 15, 2015 at the BBIN Transport Minister’s meeting in Thimpu, Bhutan. Signing of the BBIN agreement will promote safe, economical, efficient and environmentally sound road transport in the sub-region and will further help each country in creating an institutional mechanism for regional integration. BBIN countries will be benefited by mutual cross border movement of passenger and goods for overall economic development of the region. The people of the four countries will benefit through seamless movement of goods and passenger across borders. Each Party ...
Motor Vehicle Agreement to be signed between four SAARC nations in July
The Dollar Business Bureau In a move to boost trade, SAARC members Bangladesh, Bhutan, India and Nepal are all set to sign a Motor Vehicle Agreement (MVA) called Bangladesh Bhutan India Nepal (BBIN MVA). Expected to be signed on July 15 by the Indian Minister for Road Transport and Highways Nitin Gadkari and his counterparts in Bhutan, Nepal and Bangladesh, the agreement is expected to provide seamless transit of passenger and cargo vehicles between the countries, thereby, making cross-border trade cost efficient. Once implemented, the agreement is expected to regulate passenger and cargo vehicular traffic between the four nations by reducing complexities and allowing the timely loading and unloading of goods at border crossing points. Finalised at a ...
