• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, July 15, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Govt taking steps to attract FDI in Infra to address liquidity crunch: Gadkari

Press Trust of india by Press Trust of india
July 29, 2020
in BUSINESS
A A
0
TCS keen to join hands with govt for emergency services to accident victims, organ harvesting: Gadkari

Nitin Gadkari

FacebookTwitterWhatsapp

New Delhi:  Union Minister Nitin Gadkari on Tuesday said the government is making efforts to attract FDI in infrastructure sector to address liquidity crunch faced by the COVID-19-hit economy.

The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.

Related posts

IBC to end crony capitalism in India: Niti Aayog

Indian exports to US to be more competitive after tariff hike on China, other countries: Niti Aayog

July 15, 2025

I-T Dept cracks down on fraudulent claims of deductions, conducts searches across states

July 15, 2025

“Infrastructure is the most economically viable industry. The internal rate of return of projects is very good.

“We are trying to get FDI (foreign direct investment) in Infrastructure as it is 100 per cent allowed. We are trying to bring Insurance Fund, Pension Fund etc, while talks are on with the World Bank, ADB… We are moving fast in that direction,” Gadkari said, addressing a webinar on Road Development in India.

Urging private players to join hands with the government, he said the economy – hit by coronavirus – is passing through a crucial phase and requires liquidity.

At the same, COVID-19 crisis should be turned into an opportunity as the world is now recognising India as a good place for investment, he said, adding the government has taken a policy decision to offer projects only after 90 per cent land acquisition and regulatory clearances like forest and environment.

“In infrastructure, we are trying as to how we can get maximum investment. Today, there are huge opportunities in highways, power, transport, water, communciation and other sectors,” he said, adding industrial development and job creation was not possible without propelling infrastructure.

Gadkari also stressed the need to bring down logistics costs and said that Rs 1 lakh crore Delhi-Mumbai Expressway will result in reducing the travel time between the two metropolises to barely 28 hours resulting in lesser logistics cost by way of enhanced cargo movement in lesser time.

“There is huge potential in alternative fuel and electricity. I have just purchased an electric SUV. Our petrol expenditure which was Rs 12-13,000 per month has now slashed to Rs 600-Rs 800 per month, while charging can easily be done,” the minister said.

He said the government is promoting LNG for long distance vehicles like trucks and buses which will be much cheaper as compared to diesel vehicles while focus is also on ethanol and methanol.

An electric highway pilot project is also on anvil on the upcoming Delhi-Mumbai expressway project.

About highway projects, he said currently the government is encouraging projects on engineering, procurement and construction (EPC), hybrid annuity and other modes as the present condition of Indian contractors is not comfortable for BOT (build, operate and transfer) projects.

Gadkari said the government has identified a list of 15-20 project totalling 3,000 km on BOT and will see the response on the basis of one or two projects.

The minister also said the target was to build highways worth Rs 15 lakh crore in two years.

Previous Post

India’s COVID-19 fatality rate declines to 2.25%; recovery rate rises over 64%: Health ministry

Next Post

US-China spats rattle world, prompting calls for unity

Press Trust of india

Press Trust of india

Next Post
US-China spats rattle world, prompting calls for unity

US-China spats rattle world, prompting calls for unity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.