Road Transport and Highways Minister Nitin Gadkari said government has set a target of road construction of worth 15 lakh crore rupees in next two years. He said the government is giving utmost priority to the development of infrastructure.
Addressing the Indo-U.S. Partnership Vision Summit through video conferencing yesterday, Mr Gadkari exuded confidence that the Ministry will achieve target of 40 kilometres per day of highways construction in current fiscal. He said that Government is permitting 100 percent FDI in road sector.
The Minister added that in India, projects like National Infrastructure pipeline for 2019-2025 is the first of its kind and government is committed to provide world class infra to its citizens and improving quality of their lives. He said that under the NIP, there are over 7,300 projects to be implemented at a total outlay of 111 lakh crore rupees by 2025.
Mr Gadkari said that in the new era of bilateral relations, the national interests of India and the US are converging. 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 US companies to invest in infrastructure and MSME sectors in India.