Gadkari calls US investors to invest in Indian roads, highways projects

13 Sep 2022 , 09:18 AM

Union Minister for Road Transport and Highways Nitin Gadkari has called for investors from the US to come forward and invest in roads and highways projects in India. Gadkari also termed the US and India partnership as natural one and said they have to contribute for mutual growth. Inaugurating the 19th Indo-US Economic Summit virtually, Gadkari said the theme chosen this year – The New Agenda for next 25 years – will set the roadmap for strengthening the India-US relation. Gadkari said road infrastructure plays a critical role in the growth of the Indian economy as 70% of goods and nearly 90% of passenger traffic uses the road network to commute. He added that today Indias national highway network has reached around 1,47,000 kilometers from 91,000 kilometers in 2014. The government is working towards expanding national highway network to 2 lakh kilometers by 2025, he added. The minister said the government is investing $1.4 trillion in infrastructure development through National Infrastructure Pipeline and the road sector will account for 19% of this capital expenditure over the period of 2019 to 2025. Powered by Capital Market – Live News