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India changing road sector investment norms: Nath
The government is changing some of the regulations in the road infrastructure sector to make it more attractive for investors, Minister for Road Transport and Highways Kamal Nath said today. - Road sector to need Rs 3.5 lakh cr investments in 3 yrs: Nath - IMF wants India to eliminate mandatory investment norms - Govt to invite bids for three mega road projects - Govt to invite bids for three mega road projects by yr-end - India Inc to hard-sell itself to the EU - Rs 19k-cr highway projects to be awarded soon "We are modifying certain rules to make it much more investment friendly and investment worthy," he said. Referring to some of the investors, who have sought certain clarifications, Nath said their concerns would be addressed. The minister also said India plans to change the numbering of the National Highways in the country to make it more scientific, Nath said. "We are changing the numbers of the National Highways and we are following a scientific pattern of numbering," Nath told reporters after a one-day "Building India: Road Infrastructure Summit" at the St James Crowne Plaza here. Nath, who was here to attract FDI in the infrastructure development in the country said, "India remains a very attractive destination for foreign investors and the response at the summit is good." "With the kind of participation at today"s summit, we are quite hopeful." Nath said he had discussions with some of the major investors and they have assured him that they are looking at India as "one of the best investment friendly countries." Brahm Dutt, Secretary, Ministry of Road Transport and Highways, said, "The response at the summit has been very encouraging."Payday Advances commented:
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09.12.2011