Nitin Gadkari, Union Minister, Road Transport and Highways, invited companies in the US to invest in the Indian transport infrastructure, renewable energy, EV batteries and hydrogen spaces among others.
Noting that India has a well-developed framework for public-private partnership in the highway sector, Gadkari said, "I sincerely hope more and more investors from the US will come forward and invest in roads and highways in India which is a gold mine for investors." He also said that private investors can invest in the development of multi-modal logistics parks, wayside amenities, ropeways and alternative mobility solutions among others.
The minister further said that the government has allowed 100 per cent FDI in the road sector and there are huge opportunities for joint ventures.
"We are bringing innovative and investor-friendly products like InvIT, to allow retail investors to participate in the funding drive. We are designing the products so that retail investors can get good annual returns which are more than the fixed deposit rates."
Reiterating the government's commitment to achieving net zero carbon emission by 2070, the minister said that the government is promoting R&D in the area of renewable energy. India is ready to welcome investments in technologies which run on biofuels, he added.
