Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Nitin Gadkari said the government has set a road construction target of Rs 15 lakh crore over the next two years. Gadkari also expressed confidence that India will achieve the target of 40 kilometres per day of highway construction in the current financial year.
The Minister was confident that his ministry will achieve the target of 40 kilometres per day of highways construction in the current fiscal, saying "the government is permitting 100 per FDI (Foreign Direct Investment) in road sector". In India, Gadkari said, projects like National Infrastructure Pipeline (NIP) for 2019- 2025 is the first-of-its-kind and the government is committed to provide world-class infra to its citizens and improving quality of their lives.
He said that under the NIP, there are over 7,300 projects to be implemented at a total outlay of Rs 111 lakh crore by year 2025 and that the project aims at improving project preparation, and attract investment into infrastructures like highways, railways, ports, airports, mobility, energy and agriculture and rural industry.
"In the new era of bilateral relations, the national interests of India and the United States are converging and there is growing confidence between both the administrations that all outstanding trade issues will be resolved and major trade agreements will be signed soon.