Fear of road assets being owned by foreigners led to reducing road project bundles: Nitin Gadkari

Fear of foreign pension and insurance funds owning assets in the country made the government reduce the bundle size of road projects being offered to investors as part of the monetization plan, Union Minister Nitin Gadkari said on Saturday.

Gadkari, who handles the roads portfolio, said that the foreign funds have a huge quantum of capital which yields very low returns in other markets, due to which money gets deployed in the country.