Kamal Nath to inaugurate road show in Zurich to attract investors'

Posted By: Staff
Subscribe to Oneindia News

New Delhi, Aug 10 (ANI): To attract foreign investment in the road sector in India, Road Transport and Highways Minister Kamal Nath will inaugurate a road show in Zurich on Tuesday.

The road show "Building India: Road Infrastructure Summit " is being jointly organized by Confederation of Indian Industries (CII), ICICI Bank, J M Financial Consultants Ltd. and Swiss-Indian Chamber of Commerce.

It will show case the potential of the Indian roads and highways sector to potential investors, developers, construction companies, construction equipment and machinery companies, technical consultants who will be interested to invest and participate in the Indian roads sector.

At the event, information would be disseminated about the 135 road projects (with a total length of 14,395 km and an estimated cost of 20.68 billion dollars) for which the Government of India intends to invite bids during the current financial year.

It is estimated that an investment of about 70 billion dollars would be needed in the Indian road sector till 2012. Of this, the private sector participation is expected to be about 41.05 billion dollars.

The investments from foreign investors (both equity and debt) are estimated to be about 10 billion dollars. A similar road show was organized in Singapore last month. These road shows are a part of the Ministry's drive to bring in more foreign investments and technical expertise in the sector.

The Minister will also address a CII-World Economic Forum's India Highways Infrastructure Round Table on Wednesday.

Leading European private sector highways infrastructure participants drawn from the World Economic Forum's partners and members will participate at the round table discussions. (ANI)

Please Wait while comments are loading...