09-03-2021 11:39 AM | Source: Accord Fintech
Gatishakti scheme to provide framework for National Infrastructure Pipeline plan: Nitin Gadkari
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Union Minister Nitin Gadkari has said that the Rs 100 lakh crore-Gatishakti scheme will provide a framework for the National Infrastructure Pipeline programme and make Indian products more competitive by cutting down logistic costs and improving supply chains. He also sought investments in the road sector from insurance and pension funds of the US.  He noted that the Gatishakti master plan will provide the framework for the NIP programme and is aimed at making Indian products more competitive by cutting down logistic costs and improving supply chains.

According to the minister, infrastructure development will play an important role in India's aim to become a $5 trillion economy. He said India's supply chain infrastructure is getting momentum. He also said the government is investing $1.4 trillion in infrastructure development through NIP. He added that his ministry through NHAI is planning to raise USD 15 billion through the monetization of highways in the next five years.

The minister has pointed out that India is allowing 100 per cent FDI in the road sector, and there is a huge opportunity for joint ventures. He also noted that India is also ready to welcome investments in solar energy and green hydrogen. He also said that India is seeking the use of innovative technology and materials in road construction, and is open to adopting guidelines for use of new materials and technology.