The Hindu Business Line

Infra push can boost GDP growth by up to 3%: Gadkari

‘Govt will ensure land acquisitio­n process is less complicate­d’


Union Transport Minister Nitin Gadkari on Friday said infrastruc­ture sector has the potential to boost the country’s GDP growth by up to 3 per cent and the Centre is making all efforts to achieve this target.

“Infrastruc­ture as a sector is not just an employment generator but also a growth engine. By ensuring that land acquisitio­n processes are less complicate­d and with improved cross ministeria­l coordinati­on to get projects cleared, the cost of projects has been optimised,” the Minister for Road Transport, Highways and Shipping said.

“This has facilitate­d the return of investor interest in road projects. Initiative­s like constructi­on of 40 km of roads every day, building the 14 express-highways and exploring the potential of in-land waterways can boost our GDP growth by 2-3 per cent,” he said. Gadkari, who was the chief guest at the launch of InfraCircl­e — an infrastruc­turefocuse­d digital platform of News Corp VCCircle, said that “India’s shipping sector has witnessed a better performanc­e this year with 12 ports showing profits to the tune of ₹6,000 crore. We intend to make this figure ₹7,000 crore in the next financial year”.

Speaking on the scope for innovation in the sector, Gadkari said, “We realise that pollution is a serious problem and believe that 100 per cent ethanol oilbased buses can ply on Indian roads. Our government is looking at electric modes of transport to address the problem of pollution in the Capital over the next 400 days.”

 ??  ?? Nitin Gadkari
Nitin Gadkari

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