22
Saturday
September 2018
1:28 AM IST
News Headlines
Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        Kannur International Airport: Kerala to be the first state with four international airports        Kim, Moon join hands on peak of sacred North Korean volcano        Birthday boy Rashid stars in Afghanistan's 136-run win against Bangladesh        Shahbaz Nadeem claims eight wickets; breaks List A world record        CAT 2018: Registration extended to Sept 26; Admit card to Release on Oct 24        BAI distributes 1.6 crore to state Association        Rodrigues, Yadav help Indian women take 1-0 lead in T20 series        Sensex recovers over 100 points on value-buying, global cues        Deepak Kapoor Appointed the new Chairperson of Save the Children        Palestinian schools strive to modernize classrooms        Trump: Declassified Russia probe papers expose 'bad things'        2 history-sheeters arrested following encounter: Police        Attack on Cong workers in Chhattisgarh is political persecution: Rahul Gandhi        Cabinet clears ordinance to make triple talaq penal offence Law Minister        Instant Triple Talaq to be criminal offence        Viswasam- On set photos leaked        Aiswarya- Abhishek's Gulab Jamun would go on floor in mid 2019        
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Business News
Gadkari invites UAE investors for infra development
 
New Delhi/Dubai, Oct 30 (PTI) Inviting UAE investors to join hands with India and be part of its infrastructure growth story, Union Minister Nitin Gadkari today said two mega initiatives worth Rs 24 lakh crore - Sagarmala and Bharatmala - are going to be game changers.

Addressing the India-UAE Business Summit in Dubai via video conferencing, the highways, shipping and river development minister said India is also keen to attract investors from UAE for the Clean Ganga Mission and projects related to it.

"India shares a good relation with UAE. A lot of the stakeholders from UAE are investing in India... Prime Minister has taken a great bold decision to start Bharatmala wherein we are planning to start projects worth Rs 8 lakh crore within 2 years," he said.

"These are important projects related to border connectivity, internal ring roads, tribal areas, tourism...

There is huge potential available," he added.

Gadkari informed investors that in an ambitious initiative, Sagarmala, "we are expecting the investment of Rs 16 lakh crore including Rs 4 lakh crore for port road connectivity and modernisation of ports.

"We have started work worth Rs 1.6 lakh crore in the port sector. Investors have huge opportunity and should join hands with us".

In Sagarmala, the government has planned for 14 industrial clusters and special economic zones which are going to accelerate the economy, he said.

He said the ministry in JNPT, one of the 12 major ports in India, is planning for special economic zone where it is expecting investment of Rs 6,000 crore besides creation of 1.25 lakh jobs.

"We have a huge Clean Ganga Mission. Cities on banks of Ganga are polluting its water. We are going to start work on projects to clean the river before March next. There are various projects worth Rs 4,000 crore... I request all of you (investors) in Dubai to take up projects. We are developing websites for it, all detailed project reports are ready," he said, adding that they could also sponsor and maintain a project for 15 years.

He said investors could also help Clean Ganga Mission by donating for it.

Stressing that there was remarkable presence of the UAE companies in India, he said the government was interested in investments from there, especially in the infrastructure sector which has been accorded the topmost priority.

He said the road building pace was bound to reach 40 km a day shortly, from 23 km currently, adding that it was barely 2 km a day when the BJP government had taken over.

"In highways sector alone we have awarded more than 35,000 km of highways construction. We are making express highways, green express highways," he said.

Besides, he said the government has plans to develop 101 rivers into waterways and work on 10 such stretches will begin shortly.

"We are working on Ganga, Brhamaputra and some other rivers and by end of this year we will start work on 10 inland waterways in the country. We have 20,000 km of river length.

Ganga work has already financed by World Bank with Rs 5,000 crore assistance and we are developing three multimodal hubs at Varanasi, Sahibganj and Haldia," he said.

He said exports will start from these multimodal hubs and there would also be 40 river ports in addition to cruise tourism in Ganga.


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Company director sent to 6 months jail for TDS default
Petrol, diesel at new high; govt hopes it is temporary
KERALA NEWS
Kannur International Airport: Kerala to be the first state with four international airports
 Malappuram: With Kannur International Airport becoming operational, Kerala will be the first state i  
Bar bribery case: Court dismisses the vigilance report
State Kalolsavam to be held in December
Actor Captain Raju passes away at 68
INTERNATIONAL NEWS
Kim, Moon join hands on peak of sacred North Korean volcano
 (Pyongyang, Sep 20, 2018):The leaders of the rival Koreas took to the road for the final day
Palestinian schools strive to modernize classrooms
Trump: Declassified Russia probe papers expose 'bad things'
100 die in severe flooding in Nigeria: relief agency
NATIONAL NEWS
Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect
 While India won the match against Pakistan in Dubai, one Pakistani youth won the hearts of all India
Three kidnapped cops killed by terrorists in Jammu and Kashmir
CAT 2018: Registration extended to Sept 26; Admit card to Release on Oct 24
2 history-sheeters arrested following encounter: Police
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