Union road transport and highways minister Nitin Gadkari on Thursday reached out to US insurance and pension funds asking them to invest in the country’s road sector.
The minister said GatiShakti , announced by Prime Minister Narendra Modi in his Independence Day speech, will provide a framework for holistic and integrated infrastructure development in the country.
‘We can offer you good returns, (and) huge potential of economically viable projects,’ Gadkari said, adding that India offered immense economic potential and viability for insurance and pension funds.
Addressing the American Chamber of Commerce’s 29th AGM, Gadkari said his ministry was planning to raise $15 billion through the monetisation of highways over the next five years.
( News Source -Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
