Business Standard

Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.

Nitin Gadkari
Premium

Union Road Transport and Highways Minister Nitin Gadkari

Dhruvaksh Saha New Delhi
Union minister of road transport and highways Nitin Gadkari on Monday called on investors from the US to invest in Indian highway projects, adding that India's potential for public private partnership (PPP) has been globally recognised, and the sector is poised for growth.

Address the India-US Economic Summit, Gadkari said that the government has already set into motion the wheels of innovative joint venture instruments, such as the National Highways Authority of India (NHAI) Infrastructure Investment Trust (InvIT), which saw a Rs 6,100 crore investment from foreign institutional investors.

Also Read: Govt working on developing solar energy powered electric

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 12 2022 | 10:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com