Gadkari invites US insurance and pension funds to invest in India’s road infrastructure

Nitin Gadkari Union Road Transport and Highways Minister has invited US investors, especially pension funds and insurance companies, to invest on the country’s roads and highway infrastructure.

At the 17th Indo-US Economic Summit, organized by the Indo-American Chamber of Commerce(IACC), he stated that he hoped that more US companies would invest in India’s road and highway infrastructure projects. This is a gold mine for all parties.

He guaranteed better returns to the investors than the ones earned in the US.

Concerning the government’s efforts towards increasing production and acceptance of alternative transport fuels such as ethanol, and the emphasis on the last mile connectivity via multiple modes of transportation, he said that there are many opportunities for American companies in order to invest in the research and development of mobility technology.

Gadkari held the belief that both India, and the US would play a significant role in the post Covid global economic recovery.

Lalit Bhasin was the Summit Chair. He noted that although the pandemic presented numerous challenges on the economic fronts, these are also opportunities that can be used to motivate scaling up the bilateral economic value chain.

“Pandemic has taught me to reform the business model, to move further up in digital space, become less exclusive and more global in my outlook,” Rohit Kohlhar, Regional Vice President, IACC said. The current period is a “watershed” in Indo-US relations.

“I say this because the partnership is not only centered on business and economics. However, it also has great significance considering recent geo-political developments. “Increasingly, there is a host of areas that our concerns and interests can be intertwined or complementary,” he stated.