Gadkari invites UAE investors for infra development

NEW DELHI/DUBAI: Inviting UAE investors to join hands with India and be part of its infrastructure growth story, Union Minister Nitin Gadkari today said two mega initiatives worth Rs 24 lakh crore – Sagarmala and Bharatmala – are going to be game changers. Addressing the India-UAE Business Summit in Dubai via video conferencing, the Highways, Shipping and River Development Minister said India is also keen to attract investors from UAE for the Clean Ganga Mission and projects related to it.
“India shares a good relation with UAE. A lot of the stakeholders from UAE are investing in India… Prime Minister has taken a great bold decision to start Bharatmala wherein we are planning to start projects worth Rs 8 lakh crore within 2 years,” he said.
“These are important projects related to border connectivity, internal ring roads, tribal areas, tourism… There is huge potential available,” he added.
Gadkari informed investors that in an ambitious initiative, Sagarmala, “we are expecting the investment of Rs 16 lakh crore including Rs 4 lakh crore for port road connectivity and modernisation of ports.
“We have started work worth Rs 1.6 lakh crore in the port sector. Investors have huge opportunity and should join hands with us”. (AGENCIES)

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