Kamal Nath invites US investors for highway sector
The Road Transport & Highways Minister Kamal Nath has invited US construction and investment companies to take part in India’s road sector. Addressing the Global Construction Summit on ‘Investing in India’s Infrastructure’ at New York, Nath said that the infrastructure deficit was the principal challenge that has to be overcome to unleash India’s potential and the government was attaching highest property to this area.
The minister also met with groups of CEOs and senior executives representing a mix of US finance, consultancy and investment companies as well as construction and equipment firms. Highlighting the gaps in road and highways network, Nath said, “We are not building roads for tomorrow, we are catching up with the past.”
He said that through roads, economic activity could be generated in remote rural areas and the Government had launched the largest rural roads programme fifteen years ago. “The Roads & Highway Ministry was now adopting a stretch by stretch approach to bring about connectivity of rural and district roads with the national highways. It was also focusing on technology capacity building and use of advanced technology, services and equipment,” he added.
The Minister urged US companies to collaborate in these fields.