Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.

Union minister of road transport and highways Nitin Gadkari on Monday called on investors from the US to invest in Indian highway projects, adding that India's potential for public private partnership (PPP) has been globally recognised, and the sector is poised for growth.

Address the India-US Economic Summit, Gadkari said that the government has already set into motion the wheels of innovative joint venture instruments, such as the National Highways Authority of India (NHAI) Infrastructure Investment Trust (InvIT), which saw a Rs 6,100 crore investment from foreign institutional investors.