Zurich (Switzerland), Sep 17(ANI): Union Minister for Road Transport and Highways Kamal Nath on Thursday said that in the next two years India will build more highways than any other country in the world.
Inaugurating “Building India: Road Infrastructure Summit” at Zurich, he also invited European investors to invest in the road and highways sector in India, and said that India as a nation is determined to build a comprehensive high quality infrastructure.
Nath also said that the next decade would belong to infrastructure sector, as the last decade had been the decade of IT.
Stressing on the strong fundamentals of the Indian Economy, he said India is a safe destination for investment even in the times of recession and showcased the opportunities and potential of the Indian road sector to investors from across Europe.
Addressing a strong gathering of investors, developers and financial institutions, Nath said that the Government is back with enhanced mandate and building infrastructure is one of its important focus.
Elaborating on the new vision on road sector, he said that Government is committed to increase the pace of highway development to 20 kms per day, which would unleash huge business and investment opportunities, amounting to 70 billion dollars over the next 3-4 years.
In addition, it would also lead to an inclusive growth and provide connectivity to all stakeholders in socio-economic development.
Inviting investors to be a partner in building road infrastructure in the country, the minister said that out of total investment required, 40 billion dollars are expected to come from private sector. (ANI)