Road Sector in India Could Attract Foreign Funds

By admin • June 17th, 2010

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Investors in Canada and Australia could well be investing their money into road projects in India, according to Road and Transport Highways Minister Kamal Nath.

Developers and Investors from Canada and Australia are said to be considering Indian infrastructure and road projects as “they are finding this is a good vehicle of investment” Nath said. Nath has also met with Temasek Holdings Pte where he discussed the possibility of introducing an investment fund for transport such as roads, ports and airports.

Roads are heavily used in India as 65% of all freight transport is conducted via roads. The main problem is that the irregular road surfaces tends slow drivers down and Nath wants to build 20 kilometres of new highway roads a day until 2015.

In addition to foreign Investments, Reliance Industries has mentioned that power, telecommunications, financial services and pharmaceuticals could be key areas for investments in the future. The company’s board is said to have discussed strategies to enter these markets as they have been targeted as high-growth sectors.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

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