Gadkari to woo US investors |
The mood among U.S. investors is highly positive towards Indian road and port infrastructure sector, and the negative remarks about the country’s investment climate in a recent report of the U.S. State Department would have no impact on investment flow. India`s transport and shipping minister Nitin Gadkari said this in the US where he is presently wooing investors to the Indian highway and port sectors. Mr. Gadkari said he would also look for ways to adopt the latest U.S. technologies in road safety, highway construction, and waterways management. Though India has also been making progress in technology, she can learn a lot from the U.S. That the NDA-led government has not delivered the reforms it promised two years ago is a recurring complaint among U.S. policymakers and investors. The State Department Investment Climate Statements recently echoed this sentiment. Mr. Gadkari limited it to his own ministry and himself: “If check our track record, it is the best in the country’s history. From investments in road construction to project implementation, all are moving very fast. The next year, ending in March, 12 major ports and the Shipping Corporation will have more than Rs.6,000 crore in profits. Gadkari said, whatever he has promised, he has delivered.
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