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Gadkari proposes creation of Innovation Bank to focus on quality in infra

Published on June 18, 2022
Current Context: Minister for Road Transport and Highways Nitin Gadkari has proposed setting up of Innovation Bank for new ideas, research findings, and technologies to focus on 'Quality' in infrastructure development.
Gadkari proposes creation of Innovation Bank to focus on quality in infra
  • Through Indian Roads Congress, India pledged to develop a World-class state-of-art laboratory with the help of IITs and global institutions in the world.
  • To make India a 5 trillion-dollar economy Infrastructure development has an important role it creates a direct link to the prosperity of a particular region.
  • Over the last 8 years, the length of National Highways has gone up by more than 50 % from 91,000 km in 2014 to about 1.47 Lakh km.
  • It has also been estimated that the National Highway network will go up to 2 lakh kilometers by 2025.
  • In addition to that, it has also been considered that there should be minimum carbon footprints and exploitation of limited natural resources during the construction and operation phase.


Q.1 Recently the term “Innovation Bank” is seen in the news which is related to which of the sectors?
a. Railways
b. Road Transport
c. Airways 
d. Ferry Services

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