Eying $160 billion FDI in ports, Gadkari to visit US

RSTV Bureau
File Photo ( PTI )

File photo of Union Transport Minister Nitin Gadkari Photo- PTI

Aiming to get 60 billion Foreign Direct investments in infrastructure sector, Transport Minister Nitin Gadkari is taking a weeklong visit to the United States staring Sunday. Gadkari will be seeking 160 billion investments towards industrial development for port-led economic growth in the maritime sector and inland waterways.

On his maiden visit to the US in his capacity as Union Minister, Gadkari is scheduled to crisscross the US from Washington to Los Angeles with in between stops in New York, St Louis and San Francisco.

“Gadkari will hold bilateral talks with US Secretary of Transportation Anthony Foxx on July 11 which is aimed at strengthening and expanding India’s relations with the US by enhancing bilateral cooperation in infrastructure sector, ”said an official.

Gadkari is expected to deliver a talk on ‘A window into India’s Infrastructure Development’ organised by Atlantic Council, a Washington-based think tank. He will give presentations on port-led development, inland waterways development and highway infrastructure, logistics at a luncheon roundtable with investors and infrastructure companies arranged by the US-India Business Council.

“Gadkari will be particularly looking for widening and deepening the scope of Indo-US cooperation in innovative technologies for improving highway development, road engineering, road safety and development of green fuels in automobile sector and electric vehicles,” said an official accompanying Gadkari.

Gadkari’s visit to the US is crucial considering the infrastructure requirements at India’s major ports where new berths and terminals have to be built to improve port lead transportation.