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Nitin Gadkari urges US to invest in India's road sector
Nitin Gadkari, the minister of union road transport and highways, came in contact with the US insurance and pension funds, requesting them to invest in the road sector of India.
The minister informed that GatiShakti would give a framework for integrated infrastructure development in the country.
While addressing the 29th AGM of the American Chamber of Commerce, Gadkari revealed that over the next five years, the ministry was planning to collect $15 billion via the monetisation of highways.
He said that they could give good returns and huge economically potential projects. He also said that India contributed extensive viability and economic potential for insurance and pension funds.
Finance minister Nirmala Sitharaman introduced the national asset monetisation plan. Under the National Monetisation Pipeline (NMP), the centre plans to raise $81 billion in four years.
The road sector, which covers nearly 26,700 km of assets, would be considered for monetisation. It would be worth Rs 1.60 lakh crore.
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