Good roads, alternative fuel to lower India’s logistics cost to 9%: Gadkari
Gadkari said at a FICCI event that good road infra, coupled with alternative fuel, will lower India’s logistics cost to 9%.
Gadkari said at a FICCI event that good road infra, coupled with alternative fuel, will lower India’s logistics cost to 9%.
The total public sector capex is likely to decline for the third consecutive year to 6.5% of GDP in FY23, from 6.9% in the two previous years.
"I am now going to the capital markets. I do not have any problem with financial resources," exclaims transport minister Nitin Gadkari.
The Union Transport Minister—who was in J&K to review the progress of the Zojila tunnel—elucidated the Centre's intention of catapulting road connectivity in the region.
The push to build infrastructure via investments in core areas such as national highways is likely to pay rich dividends.
As spending by the public sector in infra is set to slow down, the government has to look for means to attract private and foreign capital. Some steps have been taken, but will they be enough?