Latest news with #ETInfraUnion
Time of India
26-06-2025
- Business
- Time of India
Gadkari outlines plans to expand FASTag beyond toll collection, ET Infra
Advt Engagement with fintech sector By , ETInfra Union Minister Nitin Gadkari on Wednesday said that the FASTag system has the potential to support digital travel services across India. He said the government intends to develop FASTag into a broader platform to improve user convenience, streamline transport services, and increase efficiency in the was speaking at a workshop with fintech companies organised in New Delhi by the Indian Highways and Management Company Limited (IHMCL), which is promoted by the National Highways Authority of India (NHAI).The event aimed to gather input from fintech firms on matters such as regulatory compliance data security , and potential non-toll applications for FASTag. The workshop is part of efforts to shape the next stage of the system's development.V Umashankar, Secretary at the Ministry of Road Transport and Highways, said that India's fintech sector has introduced a number of innovations. He noted that FASTag has changed the process of electronic toll collection in the Kumar Yadav, Chairman of NHAI, said the suggestions from the workshop would support future developments and help expand the use of the FASTag system beyond toll payments.
Time of India
02-06-2025
- Business
- Time of India
India and Japan Collaborate to Develop 'Smart Islands' in Andaman & Nicobar and Lakshadweep, ET Infra
Advt By , ETInfra Union ministry of ports and shipping and waterway Sarbananda Sonowal and Japan's Minister for International Affairs, Terada Yoshimichi, on Monday agreed to transform Andaman & Nicobar and Lakshadweep Islands into " smart islands ."'Japan's expertise in this area is highly valued. We see scope for joint work in the Andaman & Nicobar and Lakshadweep islands, particularly in deploying renewable energy, smart mobility systems, and digital infrastructure. These initiatives will further our shared commitment to ecological conservation and regional maritime security ,' said two ministers discussed attracting investments from Japanese shipyards, fostering cooperation in port digitisation and green port initiatives , increasing research and development collaboration, upskilling human resources, and expanding the employment of Indian seafarers in the meeting also explored potential greenfield investments by shipyards, such as Imabari Shipbuilding in Andhra Pradesh. The ministers further assessed opportunities for co-development of ports and maritime industrial clusters, envisioning them as clean energy hubs for mutual also expressed India's interest in leading Japanese shipbuilding companies such as Imabari Shipbuilding, JMUC, Kanagawa Dockyard, and Mitsubishi Heavy Industries to explore joint ventures and collaborative arrangements with Indian yards.'Japan's expertise in shipbuilding and ship repair is well recognised, and I see great scope for collaboration in this area. We also invite Japan's Big Three maritime companies—NYK Line, MOL, and K Line—to explore joint ventures and investment opportunities in India's growing maritime sector,' Sonowal is on a five-day visit to Norway and Denmark beginning June 2, aimed at strengthening maritime ties with these two countries.
