New Delhi3 hours ago
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The Union Minister also invited American companies to invest in India’s infrastructure and MSME sector.
- Gadkari said – Government committed to provide world class infrastructure to citizens
- 7,300 projects to begin under National Infrastructure Pipeline by 2025
The central government is going to make a big investment in infrastructure in the coming times. Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the government is giving the highest priority to infrastructure development. The government has set a target of spending Rs 15 lakh crore in road construction in the next two years.
Aim to build 40 km of highway every day
Nitin Gadkari expressed confidence that the Ministry of Road Transport will achieve the target of constructing 40 km of highway every day in the current financial year. The Union Minister said that the government has approved 100% Foreign Direct Investment (FDI) in the road sector. He said that projects like National Infrastructure Pipeline (NIP) have been brought for the first time in India till 2019-2025. The government is committed to providing world-class infrastructure to the citizens of the country and improving their lives.
7300 projects to be started by 2025 under NIP
Road Transport Minister Nitin Gadkari said that about 7300 projects will be started by 2025 under the NIP. The cost of these projects will be Rs 111 lakh crore. He said that the objective of NIP is to improve the preparation of the project and attract investment for infrastructure. The government wants to attract more and more investment in highways, railways, ports, airports, mobility, energy, agriculture and rural industries.
US companies invited to invest
On Friday, Nitin Gadkari addressed the Indo-US Partnership Vision Summit through video conferencing. At the summit, Gadkari said that in the new era of bilateral relations the national interests of both countries are meeting. He said that the trust between the two countries is increasing on many issues including trade. Soon there will be many big trade agreements between the two countries. The Union Minister also invited American companies to invest in India’s infrastructure and MSME sector.