New Delhi, June 24 -- The National Highways Authority of India (NHAI) has signed a Memorandum of Understanding (MoU) with the National Council of Applied Economic Research (NCAER) to establish the NHAI Centre for Economics of Transportation, Mobility and Logistics at NCAER, India's first permanent and independent research centre dedicated to the economics of transportation, mobility and logistics.

The Centre is founded with a founding contribution from NHAI, with NCAER committed to mobilising contributions from other allied institutions and partners.

The MoU was signed at NHAI HQ in presence of Chairman NHAI, DG NCAER and senior officials from NHAI and NCAER, the Ministry of Road Transport and Highways said on Tuesday.

The first of its k...