India targets road construction worth Rs 15 lakh crore in next two years

New Delhi, India (Urban Transport News): The Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Nitin Gadkari said that the Government is giving utmost priority to the development of infrastructure and has set a target of road construction of worth Rs 15 lakh crores in next two years.

Gadkari was confident that the Ministry for Road Transport & Highways will achieve the target of 40 kilometers per day of highway construction in the current fiscal. He said that the Government of India is permitting 100% FDI in the road sector.

The Minister said that in India, projects like the National Infrastructure Pipeline (NIP) for 2019-2025 are the first of its kind and the government is committed to providing world-class infra to its citizens and improving the quality of their lives. He said that under the NIP, there are over 7,300 projects to be implemented at a total outlay of Rs 111 lakh crore by the year 2025. He said that the NIP aims at improving project preparation, and attract investment into infrastructures like highways, railways, ports, airports, mobility, energy and agriculture, and rural industry.

Under the NIP, there are over 7,300 projects to be implemented at a total outlay of Rs 111 lakh crore by the year 2025. He said that the NIP aims at improving project preparation, and attract investment into infrastructures like highways, railways, ports, airports, mobility, energy and agriculture, and rural industry.

Addressing the Indo–U.S. Partnership Vision Summit through video conferencing recently, the Minister said that 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.

The Minister invited the U.S. companies to invest in infrastructure and MSME sectors in India.