Union Road Transport and Highways Minister Nitin Gadkari has invited US investors, particularly insurance and pension funds, to invest in the country’s road and highway infrastructure.
Addressing the 17th Indo-US Economic Summit, organised by the Indo-American Chamber of Commerce (IACC), he said he “sincerely hopes more and more US companies will come and invest in the road and highway projects in India which is the gold mine for all stakeholders”.
He assured better returns for the investors compared to those garnered in the US.
About the government’s efforts to boost production and adoption of alternative transport fuel such as ethanol and emphasis on last mile connectivity through several modes of transport, he noted that there are opportunities for American companies to invest in research and development of mobility technology in the country.
