News

US, India have important role to play in post Covid 19 economic recovery: Nitin Gadkari

Gadkari also said that a lot of importance is being given to innovation, research and technology in shaping the future of the infrastructure sector

Expressing need of a new thought process and a creative agenda to view new pathways of recovery, Union minister for Road Transport and Highways Nitin Gadkari has said the US and India have an important role to play in the post Covid 19 economic recovery. He further said there should be informed discussion on this subject at various levels since the recovery needs new ideas and approaches.

Gadkari also said that a lot of importance is being given to innovation, research and technology in shaping the future of the infrastructure sector. He said he sincerely hopes more and more investors from the US will come and invest in roads and highway projects in India which is the gold mine for all stake holders. He said insurance fund, pension funds have tremendous opportunity for investment in road infrastructure in India.

Besides, the Minister said that it will be a win-win situation for both the countries. He said technical and financial eligibility criteria for bidders have been relaxed and project package size optimized to expedite the work. Gadkari also said that various models for monetization of roads involving the private sector including foreign investors have been experimented successfully.