NCRTC meaning in Business ?

Answer: What is National Capital Region Transport Corporation mean?

The National Capital Region Transport Corporation (NCRTC), a Joint Venture company of the Government of India and states of Haryana, Rajasthan and Uttar Pradesh and Delhi, is mandated for implementing the Regional Rapid Transit System (RRTS) project across the National Capital Region (NCR), ensuring a balanced and sustainable urban development through better connectivity and access.

The Union Cabinet approved constitution of the NCRTC under the Companies Act, 1956 in July, 2013 for designing, developing, implementing, financing, operating and maintaining Regional Rapid Transit system (RRTS) in the NCR to provide comfortable and fast transit to the NCR towns and meet the high growth in transport demand. Accordingly, NCRTC was incorporated on 21 August 2013. Vinay Kumar Singh was appointed as the first regular Managing Director of NCRTC in July 2016.

Out of the 8 identified RRTS Corridors, the following three corridors were prioritized for implementation by Planning Commission:

Delhi-Ghaziabad-MeerutDelhi-Gurugram-SNB-AlwarDelhi-Panipat reference nan