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30 May 2018, Aleen Joy Jarasa, EMIS Editor

Global firms eye India as hub for smart transportation solution industry

International firms offering new transportation technology have gathered in India thanks to the country’s quest for smart mobility, Mint News has reported. Among the companies reported to have expressed interest in investing in India’s smart transportation industry are NASA’s skyTran and Virgin Hyperloop One.

A government official has told Mint News that India’s mobility business is steadily becoming smart and green, citing the FASTag project introduced by the National Highways Authority of India as an example. Other than the new technology offered by companies, the use of cable cars and ropeways are also gaining momentum.

Meanwhile, ride hailing applications and online booking of bus tickets are believed to have helped India achieve its goal of moving towards changing its mobility experience.

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