Tenders: Gadkari invites American investments in infra and MSME sectors
The Government is permitting 100% FDI in the road sector as it gives utmost priority to the development of infrastructure, said the Minister for Road Transport & Highways Nitin Gadkari said.
He also disclosed that there are over 7,300 projects to be implemented at a total outlay of Rs.111 lakh crore by year 2025 under the National Infrastructure Pipeline (NIP) 2019-2025.
The Government, he said, has set a target of road construction of worth Rs.15 lakh crores in next two years.
The Minister was confident that his Ministry will achieve target of 40 kilometres per day of highways construction in current fiscal.
Addressing the Indo–U.S. Partnership Vision Summit through video conferencing on 30 April 2021, he said the NIP aims at improving project preparation, and attract investment into infrastructure like highways, railways, ports, airports, mobility, energy and agriculture and rural industry.
In the new era of bilateral relations, the national interests of India and the United States are converging and there is growing confidence between both the administrations that all outstanding trade issues will be resolved and major trade agreements will be signed soon.
Gadkari also invited the U.S. companies to invest in infrastructure and MSME sectors in India. #tenders #projects #investment #infrastructure /fiinews.com
