Indian Infra: Kamal Nath woos foreign investors

Posted By: Staff
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Zurich, Aug 13: In a bid to lure investment into country's infrastructure projects, the Minister of Road Transport and Highways Mr. Kamal Nath spoke of emerging opportunities in the road sector in India while addressing the gathered developers and financial institutions in Zurich on Thursday, Aug 13 .

Talking of the government's commitment to increase the pace of highway development to 20 kms per day, the minister pointed out the huge business and investment opportunities, amounting to USD 60 billion over the next 3 to 4 years.

After mentioning that out of the USD 60 billion, USD 40 billion are expected to come from private sector, he invited the investors to take part in the development.

He also informed the gathering on the various steps taken by the government to strengthen the capacity of the National Highways Authority of India in order to handle the monumental growth in the sector.

Investors and developers who attended the meet also learnt that the Government is willing to review the model concession agreement to ease the concerns of investors and developments.

OneIndia News

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