Nitin Gadkari, the Union Minister of Road Transport and Highways, addressed the US investors to raise interest in India’s transport sector.

FREMONT, CA: The 19^th Indo-US economic summit of the Indo-American Chamber of Commerce's inauguration was led by Nitin Gadkari, who made a quick call to the US investors to make profitable investments in Indian roads and highway projects.

Mr. Gadkari, the Union Minister for Road Transport and Highways, underlined the crucial significance of India-US relations and reiterated the essentials for fostering symbiotic and benefiting revenue growth between the two democratic nations. A corresponding coordination effort between the countries always persists with a high level of mutual trust, respect, and compliance effort on the social, economic, and strategic fronts.

Further, Mr. Gadkari elaborated on the substantial development of the diplomatic relationship between the two nations and emphasized the critical importance of the current year's theme, The New Agenda for the Next 25 Years. The theme mainly focuses on nurturing milestone development in the combination between India and the US, favoring an intensified alliance. In addition, the minister highlighted the profitable scenarios when investing in India due to its burgeoning economy and an investment capability of 1.4 trillion USD for promising infrastructure developments through the National Infrastructure Pipeline.

Accordingly, with the road sector contributing to 19 percent of the capital expenditure in India, an investment in this domain will yield productive outcomes for both nations' economies.

Alongside this, he accentuated India’s Gati Shakti Master Plan, which favors an integrated infrastructure development in the country. He also elaborated on the Greenfield Expressways that are to be constructed in India at an investment range of 60 billion USD.

Through these newly-laid corridors, a 14 percent reduction in travel distance is guaranteed, reducing the transportation fee by 2.5 percent. Meanwhile, on a fuel consumption basis, these roads are intended to greatly reduce carbon dioxide emissions and save 110 crore liters of fuel. India is all geared up for investments and has introduced investor-friendly products to ensure an amiable gain for investors. Mr. Gadkari endorsed that these benefits hold high esteem even when compared to Fixed Deposit rates.

Hence, keen observation is insisted on identifying potential areas where India’s talented human resources can contribute to designing the chosen financial instruments, which in turn enables boosting investments in the infrastructure sector. Mr. Gadkari ensured that India is a perfect choice for investments due to its leading status in public-private partnerships and a favorable acceleration in digitized project documentation and contractual decisions.