India seeks foreign investors for $20.6 bn road projects
Date : Aug-11-2009 11:17
The government will hold a road show in Zurich, Switzerland, in order to attract the foreign investment for the road projects in India. The road show will seek investors for 135 road projects with an estimated cost of $20.68 billion, a government statement said Monday.
The show, being organised in association with the Confederation of Indian Industry (CII) as well as ICICI Bank, JM Financial Consultants and Swiss-Indian Chamber of Commerce and this will be inaugurated by Road Transport and Highways Minister Kamal Nath. Last month, the government has done a road show in Singapore.
On the top of this, Nath added "I am also planning to re-consider the termination clause of the project so that more investors can come,".
As per government estimates, the road sector entails an investment of about $70 billion by 2012. Out of this, around $41.05 billion is expected to be from the private sector participation while $10 billion is likely from foreign investors
Date : Aug-11-2009 11:17
The government will hold a road show in Zurich, Switzerland, in order to attract the foreign investment for the road projects in India. The road show will seek investors for 135 road projects with an estimated cost of $20.68 billion, a government statement said Monday.
The show, being organised in association with the Confederation of Indian Industry (CII) as well as ICICI Bank, JM Financial Consultants and Swiss-Indian Chamber of Commerce and this will be inaugurated by Road Transport and Highways Minister Kamal Nath. Last month, the government has done a road show in Singapore.
On the top of this, Nath added "I am also planning to re-consider the termination clause of the project so that more investors can come,".
As per government estimates, the road sector entails an investment of about $70 billion by 2012. Out of this, around $41.05 billion is expected to be from the private sector participation while $10 billion is likely from foreign investors
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