Gadkari calls for enhanced international investment in Infrastructure and MSME

New Delhi, August 12, 2020: Union Minister for Road Transport, Highways and MSMEs, Nitin Gadkari, has called for increased investment by international institutions and bodies in the Indian Highways and MSME sectors.
He said that automobile and MSME are the two growth engines of the Indian economy.
Addressing the Indo-Australian Chamber of Commerce and Womennovator on Trade Investment and collaborations in Road infrastructure and MSMEs today, the Minister said that India and Australia are already co-operating in the road safety sector.
He said that this cooperation has provided better designs for roads and awareness opportunities for the public.
Under the Indian Road Safety Assessment Programme, 21000 km roads have been assessed and about 3000 km road length is under technological upgradation.
He said that better road engineering and increased public awareness has brought about improvement. It is estimated, he added, that these upgradation programmes will bring about 50 per cent reduction in road accidents.
Gadkari informed that ‘our objective is to set out to achieve zero road fatalities by 2030.’
Gadkari stated that his Ministry has taken lot of initiatives to reduce road accidents and the World Bank and ADB have committed Rs 7000 crore each for this campaign.
He said that by social awareness and education, improving emergency services, pressing for medical insurance, providing more hospitals etc the country is inching closer to achieving its road safety targets.
He referred to the MV Act of 2019, which is a comprehensive legislation on all aspects of the Transport sector in India.
The Minister said that the govt is concentrating on village, agricultural and tribal sectors for providing employment opportunities there.
He emphasized that it is the MSME sector which will drive the Indian economy in the coming years.
He informed that investment in infra and insurance sectors has been opened up, as there are huge opportunities in insurance, pension and share economies. He said, MSME is also going to capital market soon.
Dy Prime Minister of Australia Mr Michael McCormack also spoke on the occasion and expressed keen interest of Australia to partner in the development and growth of Indian road sector especially in the road safety area.
The Australian Dy PM also elaborated on various initiatives by his country in the road sector especially road safety.
He added that India and Australia have strong relations; this has never been so strong and it will grow further with grow comprehensively.
He stressed on building infrastructure and said that one way of overcoming Covid-19 is by building infrastructure.

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