Opportunity for U.S. Investors |
With India needing about $1 trillion for infrastructure development, India`s Minister of Road Transport, Highways and Shipping Nitin Gadkari highlighted investment opportunities in India for U.S. investors. Moreover, Prime Minister Narendra Modi is making the country`s infrastructure development the chief priority of the government. Hence, a golden opportunity to invest in India. During the U.S.-India Business Council roundtable, Gadkari said India is committed to improving the country`s road, highways and port connectivity in a time-bound, result oriented, corruption-free and transparent manner that includes e-governance and fast-tracking decision-making. The pace of road construction has accelerated to an all-time high of 20 kilometers per day and next year they plan to increase it to 41 km per day. Later , Gadkari told India media members that, thanks to recent government decisions, there are no road blocks to investment in the transportation sector with 95 percent of the issues facing investors resolved. Gadkari also said he had made road safety his first priority as he was very much disturbed by the roughly 500,000 annual accidents that resulted in about 150,000 deaths.
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