‘Govt Ex­pects 25L cr to Flow into In­fra Over Three Years’

The Economic Times - - Companies: Pursuit Of Profit - Press Trust of In­dia

New Delhi: The gov­ern­ment is ex­pect­ing in­vest­ments worth .₹ 25 lakh crore over the next three years in the roads, rail­way and ship­ping in­fras­truc­ture that in­cludes set­ting up of 27 in­dus­trial clus­ters at ports at around .₹ 8 lakh crore, Union Min­is­ter Nitin Gad­kari said on Fri­day.

“We are com­mit­ted to over­haul coun­try's in­fras­truc­ture and grad­u­ally work­ing to­wards achiev­ing this. We plan to spend .₹ 25 lakh crore in our high­ways as well as ship­ping sec­tor which in­cludes set­ting up of 27 in­dus­trial clus­ters near the ports at an es­ti­mated cost of .₹ 8 lakh crore,” Gad­kari said here.

Apart from .₹ 8 lakh crore on devel­op­ing 27 in­dus­trial clus­ters, an­other about 5 lakh crore would be spent on road, rail­way and ports con­nec­tiv­ity projects, the Min­is­ter said on the side­lines of an event by Indo-Amer­i­can Cham­ber of Com­merce.

Be­sides, smart cities will be built at ports which will en­tail a huge in­vest­ment, he said.

Ear­lier ad­dress­ing the Cham­ber event, Gad­kari said, “By May this year, awards in high­ways projects will swell to .₹ 2 lakh crore from .₹ 1.6 lakh crore now and by May 2017 it will be an­other .₹ 5 lakh crore.”

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