Tuesday, September 21, 2021
News

Gadkari invites US pension, insurance funds to invest in India's road infra

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Wednesday, 2021 1:15:05 AM IST
Union Road Transport and Highways Minister Nitin Gadkari has invited US investors, particularly insurance and pension funds, to invest in the country's road and highway infrastructure.

Addressing the 17th Indo-US Economic Summit, organised by the Indo-American Chamber of Commerce (IACC), he said he "sincerely hopes more and more US companies will come and invest in the road and highway projects in India which is the gold mine for all stakeholders".

He assured better returns for the investors compared to those garnered in the US.

About the government's efforts to boost production and adoption of alternative transport fuel such as ethanol and emphasis on last mile connectivity through several modes of transport, he noted that there are opportunities for American companies to invest in research and development of mobility technology in the country.

Gadkari was of the view that both India and the US would play a major role in the post-Covid global economic recovery.

Lalit Bhasin, the Summit Chair, noted that the pandemic presented innumerable challenges in economic fronts, but such challenges are also opportunities that can motivate for scaling up in the bilateral economic value chain.

"Pandemic has taught us to reform the business models, to go further up in the digital space, become more inclusive and at the same time global in our outlook," he said

Rohit Kochhar, Regional Vice President, IACC described the current period as a "watershed moment" for the Indo-US relations.

"I say this because our partnership is not just centered around business and economics, but also assumes great significance in view of recent geo-political developments. Increasingly, there are a host of areas where our concerns and interests are both intertwined and complementary," he said.

--IANS rrb/sn/vd

( 298 Words)

2021-09-14-19:16:02 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
PayPoint India, Bank of Baroda tie-up to...
Adani calls for global unity in managing...
Infosys collaborates with ServiceNow to ...
Buying support pushes equities higher; o...
6 reasons to choose multi-year health in...
IBHFL's Rs 200 crore NCDs public issue o...
More...
 
INDIA WORLD ASIA
K'taka CM calls farmers' protest sponsor...
Video of RPF jawan helping elderly man a...
Another Bengal minister quizzed by CBI i...
Naga peace talks commence in Kohima afte...
'Retrieve my son's body': Pilot's grievi...
Congress nominates ex-MP Rajani Patil fo...
More...    
 
 Top Stories
Taliban renames University of Burha... 
PM Modi, Biden to discuss Afghanist... 
New book on getting rich brings uni... 
Sudanese Prime Minister believes co... 
I-League Qualifiers: Will try to pl... 
IPL 2021: Taliban government bans b... 
Zee Hindustan confers 'The Most Pro... 
Over 10% of Australian shark specie...