International Investment in Infrastructure & MSME Sector

Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari has called for increased investment by international institutions and bodies in the Indian Highways and MSME sectors. He said automobile and MSME are the two growth engines of the Indian economy. The Minister emphasized that it is the MSME sector which will drive the Indian economy in the coming years.

Addressing the Indo-Australian Chamber of Commerce and Womennovator on Trade Investment and collaborations in Road infrastructure and MSMEs, the Minister said, India and Australia are already co-operating in the road safety sector. This co-operation has provided better designs for roads and awareness opportunities for the public. Under Indian Road Safety Assessment Programme 21000 km of roads have been assessed and about 3000 km of road length is under technological upgradation. According to him, it is estimated that these upgradation programmes will bring about 50 per cent reduction in Road accidents as the Government’s objective is to set out to achieve zero road fatalities by 2030. He said that his Ministry has taken lot of initiatives to reduce road accidents. World Bank and ADB have committed ?7000 crores each for this campaign.

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