“Govt. Driven Efforts in Infrastructure Sector to Boost GDP Growth by 2-3%” - Nitin Gadkari
During the discussion, he said, “India’s shipping sector has witnessed a better performance this year with 12 ports showing profits to the tune of Rs 6,000 crore. We intend to make this figure Rs 7,000 crore in the next financial year.”
Union Ministerof Road Transport, Highways and
Shipping Mr. Nitin Gadkari who presided as the Chief Guest at the launch
of InfraCircle — an
infrastructure-focused digital platform of News Corp VCCircle — said
India’s infrastructure sector has the potential of boosting GDP growth by 2-3%
and efforts are being put in by his ministry to achieve this.
The event saw the release of ‘India@70’,
a digital report tracking the journey of India’s infrastructure sector over the
last 70 years, by the Union Minister for Railways Mr.Suresh Prabhu
and the Union Minister for Steel Chaudhary Birender
Singh. The three Cabinet ministers engaged in an insightful discussion
moderated by Mr. Utpal Bhaskar, Editor, InfraCircle on what it would
take for India’s infrastructure sector to realize its true potential.
“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
have 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%,” said Mr. Gadkari.
During the discussion, he said, “India’s
shipping sector has witnessed a better performance this year with 12 ports
showing profits to the tune of Rs 6,000 crore. We intend to make this figure Rs
7,000 crore in the next financial year.”
Speaking about the scope for innovation in the
sector, Mr. Gadkari observed, “We realize that pollution is a serious problem
and believe that 100 percent ethanol oil based buses can ploy on Indian roads.
Our government is looking at electric modes of transport to address the problem
of pollution in the Capital over the next 400 days.”
Contributing to the discussion, Mr.Suresh
Prabhu, Union Minister for Railways said, “In earlier
times, customer centric thinking was not associated with the Indian Railways.
Today, we as service providers have been made to realize the importance of
providing good service to passengers right from ticketing to the end of the
journey. We are heading towards the Rs 1,00,000 crores capex mark with Rs
40,000 crore worth of orders being on track. From being a highly centralized
institution, we are now looking to include states as key stakeholders. So far
16 states have given their approval to our plan.”
Union Minister for Steel Mr. Chaudhary Birender
Singh said, “As a result of the anti-dumping measures taken in the last 10
months, imports have fallen by 40 per cent and exports are up 50 per cent.
Extending the Minimum Import Price (MIP) regime on 66 steel items will
alleviate the steel industry, which has been under stress over the past two years,”