Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'26 Budget'24
  • Budget'25 Budget'24
    • Home
    • News
    Center Set its Focus on  AI driven Traffic Safety and Invites Foreign Investment in Infra

    Center Set its Focus on AI-driven Traffic Safety and Invites Foreign Investment in Infra


    Finance Outlook India Team | Friday, 25 October 2024

    Union Minister for Road Transport and Highways Nitin Gadkari announced that the government is considering the integration of artificial intelligence (AI) and other innovative technologies to monitor traffic violations. This will also ensure accurate enforcement of penalties.

    Gadkari highlighted plans at the 12th Traffic InfraTech Expo on Thursday to revamp toll collection methods which will include a potential shift to satellite-based toll systems; thereby improving efficiency and transparency. Furthermore, he said that the government is planning to engage private sector experts. This move will be taken to develop technological solutions aimed at reducing traffic incidents.

    For this, it is reported that an expert committee will review proposals from startups and industry leaders to come up with effective strategies for road safety. Adding to this, the minister also said that the committee has been tasked with completing evaluations within three months so as to bring about swift improvements in the sector.

    Nitin Gadkari further emphasized that integrating advanced engineering solutions, adopting emerging technologies like AI, and enforcing traffic laws are crucial for improving road safety.

    Gadkari has also showcased the importance of high-quality surveillance technology in road safety, wherein, he affirms that standards will be upheld, irrespective of whether solutions are provided by large or small companies. In addition, he also encouraged smaller firms who bring innovative ideas to participate in government tenders. As per him, this would greatly drive the much needed cost-effectiveness and fair profit margins.

    Gakari also said that implementing superior technologies could also lead to greater transparency, cost savings, and significant improvements in road safety. Moreover, Gadkari also pointed out that India records around 500,000 accidents. This has greatly led to high fatalities, injuries, and most importantly an economic loss which is estimated at 3 percent of the GDP.

    He also emphasized the imperativeness of carrying out safety audits for all highways. For this, the Ministry of Road Transport and Highways is preparing standards for not only ambulance operations and driver training, but particularly when it comes to utilizing advanced equipment for swift accident response.



    Read More:

    ConvoZen Launches End-to-End Conversational AI

    India & France Revise Tax Treaty, Scrap MFN Clause, Ease Dividends

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25