Govt trying to attract FDI in infrastructure sector: Nitin Gadkari

New Delhi: The Central government is making efforts to attract foreign direct investment (FDI) in the infrastructure sector, Union Minister Nitin Gadkari said on Tuesday.

Addressing a webinar on road development in India, Gadkari said, “We are trying to get FDI (foreign direct investment) because in infrastructure 100 per cent FDI is allowed.”

The road transport, highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.

“We are trying to get Insurance Fund, Pension Fund and dealing with the World Bank, ADB, BRICS Bankā€¦ We are moving very fast in this direction,” he added.

READ:  India move to top spot in World Test C'ship standings

India had earlier revised its FDI policy with the objective of preventing “opportunistic takeovers” of firms hit by the lockdown induced by the COVID-19 outbreak.

Subscribe us on The Siasat Daily - Google News
Back to top button