Govt targets Rs.2 lakh-cr infra investment

In an attempt to inject the much needed booster to the on-going thrust to match infra deficit in the country, the Central government has targeted Rs.2 lakh crore investment during the upcoming India Integrated Transport and Logistics Summit, Minister for Road Transport and Highways, Nitin Gadkari said, elaborating that the summit, which started recently, will see participation from leading highways and shipping players from Singapore, Hong Kong, and Abu Dhabi. As a matter of fact, at the summit, in which various ministries, including transport and highways, shipping, railways and aviation have come on a single platform for the first time and it is in line with government's plans to have an effective multi-modal logistics and transport sector to make the economy more competitive. These initiatives have been aimed at bringing down logistics costs drastically to enhance exports and create huge employment and to facilitate this, memorandum of understanding (MoUs) would be signed with international companies for construction of logistics parks, warehouses near ports, and last mile connectivity projects, he said.