Indian Government in Talks With SoftBank For Funding 2 Lakh e-Buses
To promote electric vehicles on a mass scale, the government is holding initial talks with Japanese investment firm SoftBank for low interest funding of 2 lakh electric buses for public transport, Union Minister Nitin Gadkari said here today.
India wants to cut down on a ballooning Rs 7 lakh crore crude import bill, the minister said, adding electric buses and vehicles along with ethanol and other green fuel could be the solution.
"Promoting electric vehicles is priority of our government. We want electric buses, autorickshaws and other vehicles to ply in the country. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project.
We want to introduce 2 lakh electric buses for public transport," Road Transport and Highways Minister Gadkari said.
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