Navi Mumbai, Maharashtra, India
The Union Minister of Road Transport, Highways & Shipping Nitin Gadkari concluded his week-long whirlwind official visit to the U.S., successfully extracting assurances from the infrastructure and investment companies to provide the necessary technical expertise as well as capital to further boost the robust Indian maritime, roads and highways sectors.
Gadkari held a series of productive interactions with investment bankers, fund managers and captains of trade and industry in infrastructure sector at business platforms in Washington, New York, San Francisco and Los Angeles, and placed on record convincing statistics of the rapid growth of this sector under the dynamic leadership of Prime Minister Narendra Modi which the potential US investors found highly exciting and rewarding.
Gadkari outlined government’s policy initiatives and his own vision to strengthen India’s infrastructure sector and offered lucrative investment opportunities in road and highways construction and port-led industrialization listing the incentives to the U.S. industry for joint ventures and collaborations on Public Private Partnership (PPP) model.
Gadkari dispelled apprehensions with regard to bottlenecks and red tape in India’s administrative setup and assured that Prime Minister Modi has made the country’s infrastructure development top-most priority of his government.
India, under PM Modi, the Minister asserted, remains committed to improving the country’s road, highways, and port connectivity in a time-bound, result oriented, corruption-free and transparent manner through e-governance and fast-tracking decision-making process.
Gadkari also explained the new highways under construction in the difficult terrains of Jammu, Kashmir & Ladakh, Himalayas, the North-Eastern Region and coastal areas and the financing mechanisms under PPP models, framing of policies for logistics parks and modernization of roads.
Alok Srivastava, Additional Secretary, Ministry of Shipping, through power point presentations shared details on the Sagarmala Programme – the Ministry’s flagship port-led development initiatives to bring down logistics cost and boost investment, exports, and jobs.
Rohit Kumar Singh (joint secretary, highways) and Abhay Damle ( joint secretary road and transport), Ministry of Road Transport and Highways, in their presentations, told the success story of India’s roads and highways in the last two years of NDA government and highlighted specific investment opportunities in the road, highways and road safety sectors.
Gadkari held official talks with the US Transportation Secretary Mr. Anthony Foxx and sought cooperation in sharing the intelligent traffic systems and transfer of technology in road engineering, use of IT in reducing road accidents, centrally controlled traffic light surveillance systems for road safety.