Union Transport Minister Nitin Gadkari has said that India’s infrastructure sector has the potential of boosting GDP growth up to 3% and efforts are being put in by the centre to achieve this objective. The minister said that the government has accorded the highest prominence to infrastructure. He added that the development of integrated logistics and inland waterways would be a game changer, the government is planning to develop an integrated system of roads, railways, airports and water ports and is also working on port-led industrialization.
Gadkari said that infrastructure as a sector is not just an employment generator, but is also a growth engine. By ensuring that land acquisition processes are made less complicated and improving cross ministerial coordination to get projects cleared and off the ground, the cost of projects has been optimized. This has facilitated the return of investor interest in road projects. Initiatives like construction of 40 kilometers of roads every day, building the 14 express-highways and exploring the potential of in-land waterways can boost our GDP growth by 2-3%.
Highlighting the huge potential for the port sector, Gadkari stated that the shipping sector made a profit of about Rs 6,000 crore in this year and intends to make this figure Rs 7,000 crore in the next year. Further he added that to relieve from rising traffic and pollution, government is looking at electric modes of transport to address the problem of pollution in the Capital over the next 400 days.
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