Gad­kari lays out red car­pet for UAE in­vestors

Show­cases Sa­gar­mala, Bharat­mala as po­ten­tial ar­eas for in­vest­ment

The Hindu Business Line - - NEWS - PTI

Invit­ing UAE in­vestors to join hands with In­dia and be part of its in­fras­truc­ture growth story, Union Min­is­ter Nitin Gad­kari to­day said two mega ini­tia­tives worth ₹24 lakh crore — Sa­gar­mala and Bharat­mala — are go­ing to be game chang­ers.

Ad­dress­ing the In­dia-UAE Busi­ness Sum­mit in Dubai via video con­fer­enc­ing, the High­ways, Ship­ping and River De­vel­op­ment Min­is­ter said In­dia is also keen to at­tract in­vestors from the UAE for the Clean Ganga Mis­sion and projects re­lated to it.

“In­dia shares a good re­la­tion with the UAE. A lot of the stake­hold­ers from there are in­vest­ing in In­dia... Prime Min­is­ter has taken a great bold de­ci­sion to start Bharat­mala wherein we are plan­ning to start projects worth ₹8-lakh crore within two years,” he said.

“Th­ese are im­por­tant projects re­lated to bor­der con­nec­tiv­ity, in­ter­nal ring roads, tribal ar­eas, tourism... There is huge po­ten­tial avail­able,” he added. Gad­kari in­formed in­vestors that in an am­bi­tious ini­tia­tive, Sa­gar­mala, “we are ex­pect­ing the in­vest­ment of ₹16 lakh crore in­clud­ing ₹4 lakh crore for port road con­nec­tiv­ity and mod­erni­sa­tion of ports.

“We have started work worth ₹1.6 lakh crore in the port sec­tor. In­vestors have huge op­por­tu­nity and should join hands with us.”

In Sa­gar­mala, the gov­ern­ment has planned for 14 in­dus­trial clus­ters and spe­cial eco­nomic zones which are go­ing to ac­cel­er­ate the econ­omy, he said.

SEZ in JNPT

He said the Min­istry in JNPT, one of the 12 ma­jor ports in In­dia, is plan­ning for spe­cial eco­nomic zone where it is ex­pect­ing in­vest­ment of ₹6,000 crore be­sides cre­ation of 1.25 lakh jobs.

“We have a huge Clean Ganga Mis­sion. Cities on banks of Ganga are pol­lut­ing its water. We are go­ing to start work on projects to clean the river be­fore March next. There are var­i­ous projects worth ₹4,000 crore... I re­quest all of you Nitin Gad­kari, Min­is­ter for Road Trans­port and High­ways, Ship­ping and Water Re­sources, River De­vel­op­ment

(in­vestors) in Dubai to take up projects. We are de­vel­op­ing web­sites for it, all de­tailed project re­ports are ready,” he said, adding that they could also spon­sor and main­tain a project for 15 years.

He said in­vestors could also help Clean Ganga Mis­sion by do­nat­ing for it.

Stress­ing that there was a sig­nif­i­cant pres­ence of the UAE com­pa­nies in In­dia, he said the gov­ern­ment was in­ter­ested in in­vest­ments from there, es­pe­cially in the in­fras­truc­ture sec­tor which has been ac­corded the top­most

pri­or­ity. He said the road build­ing pace was bound to reach 40 km a day shortly, from 23 km cur­rently, adding that it was barely 2 km a day when the BJP gov­ern­ment had taken over.

“In high­ways sec­tor alone we have awarded more than 35,000 km of high­ways con­struc­tion. We are mak­ing ex­press high­ways, green ex­press high­ways,” he said.

Be­sides, he said the gov­ern­ment has plans to de­velop 101 rivers into wa­ter­ways and work on 10 such stretches will be­gin shortly.

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