+
Govt seeks investment from US investors for road and highway projects
ROADS & HIGHWAYS

Govt seeks investment from US investors for road and highway projects

On Tuesday, Nitin Gadkari, Minister of Road Transport and Highways, terming the road and highway projects in India a gold mine, asked US investors to invest in the sector.

The Minister of Road Transport and Highways told the media that India is expanding industrial clusters, roadside amenities, and thus the income from the sector would also grow.

While addressing Indo US Economic Summit, Gadkari said that he sincerely hopes more and more investors from the US would come and invest in the road and highways projects in India which is the gold mine for all the shareholders.

He requested primarily for insurance, pension funds. They have a tremendous investment opportunity in road infrastructure in India.

The toll revenue, which is Rs 40,000 crore per year, is likely to surge to Rs 1.4 lakh crore yearly in the coming three years, the Minister said.

The bilateral trade between India and the US is predicted to touch more than $500 billion by 2025, Gadkari said, adding that both countries have a vital role to play in the post-Covid economic recovery.

He said that there should be an informed discussion on this subject at different levels as the recovery requires ideas and plans.

In the post-Covid situation, a revival of economic activity is very significant to normalise people's lives, he said.

Additionally, he said that India and the US have always shown mutual trust, respect and cooperation on the social, economic and strategic front.

Image Source


Also read: India inks $300 mn pact with ADB to boost rural economy in Maharashtra

On Tuesday, Nitin Gadkari, Minister of Road Transport and Highways, terming the road and highway projects in India a gold mine, asked US investors to invest in the sector. The Minister of Road Transport and Highways told the media that India is expanding industrial clusters, roadside amenities, and thus the income from the sector would also grow. While addressing Indo US Economic Summit, Gadkari said that he sincerely hopes more and more investors from the US would come and invest in the road and highways projects in India which is the gold mine for all the shareholders. He requested primarily for insurance, pension funds. They have a tremendous investment opportunity in road infrastructure in India. The toll revenue, which is Rs 40,000 crore per year, is likely to surge to Rs 1.4 lakh crore yearly in the coming three years, the Minister said. The bilateral trade between India and the US is predicted to touch more than $500 billion by 2025, Gadkari said, adding that both countries have a vital role to play in the post-Covid economic recovery. He said that there should be an informed discussion on this subject at different levels as the recovery requires ideas and plans. In the post-Covid situation, a revival of economic activity is very significant to normalise people's lives, he said. Additionally, he said that India and the US have always shown mutual trust, respect and cooperation on the social, economic and strategic front. Image Source Also read: India inks $300 mn pact with ADB to boost rural economy in Maharashtra

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?