Apt time for UK investors to invest in India: Nitin Gadkari

Radhika Dhawad | May 13, 2017 10:41

Nitin Gadkari
Nitin Gadkari (Photo by: Kartik Thakur)

Union Minister Nitin Gadkari who’s on a three-day visit to the UK said that it is the perfect opportunity for foreign investors to invest in the Indian infrastructure sector as the ‘investor friendly government’ hopes for a double-digit growth. Gadkari, who’s inspired by London’s double-decker buses, wants to replicate the same model for electric vehicles in India. He said, “This is the right time for UK investors to invest in India. Our target is for double-digit growth and our government is very friendly for investment.”

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“I had meetings with Transport for London (TfL) today and we will be signing an MoU to collaborate on sustainable transport projects. My dream is to have electric double-decker buses on Indian roads,” said Gadkari. The Minister for Road, Transport, Highways and Shipping also mentioned that UK’s multinational company J.C. Bamford Excavators Limited (JCB) had hiked construction in India by nearly 70% and invited more foreign companies to invest in India.

Gadkari, who was at the UK-India Conclave on the theme – ‘A Global Partnership: A new era in UK-India relations,’ said, “We have no stalled projects today. The road sector in India is moving very fast. By the end of this year, there will be revolutionary change in India with our focus on electric and cutting pollution. My dream is to transform our transport sector with an integrated approach.”