23
Saturday
June 2018
12:04 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Gadkari plans Rs 5-tln bond sale to fund large infra projects
 
Mumbai, Nov 2 (PTI) Reiterating that funds are not a constraint for undertaking large developmental projects, Union minister Nitin Gadkari today said nearly Rs 5 trillion can be raised from capital markets, most of which could in fact come from small investors.

"We have undertaken various developmental projects for which we need funds. I've always been saying there is no dearth of funds in the system. We are going to capital markets to raise funds through bonds. I expect small investors to participate in this. We can raise nearly Rs 5 trillion from domestic investors," the Roads and Highways Minister said at a D&B award function here.

Gadkari also urged banks, financial institutions and private players to help develop infra projects and pointed out that his ministry has already undertaken massive infra projects and has set a target of Rs 25 trillion investments in highways and shipping over the next five years. This can create 1 crore jobs and contribute 2-3 per cent to GDP.

"We will be rolling out nearly Rs 7 trillion worth of projects which were recently announced before December 2018.

This is the biggest infra programme and include the Bharatmala programme," Gadkari said, adding that he expects to award nearly 25,000 km of road projects this financial year.

"Financial year 2012-13 saw awarding of 1,916 km, in 2013-14 it was 3,620 km, in 2014-15 it rose to 7,972 km, while in 2015-16, the quantum grew to 10,098 km. Last fiscal, it touched 15,948 km and this year I have kept a target of 25,000 km," Gadkari said.

Apart from building corridors at a cost of Rs 1.2 trillion, lane expansion will be done at 34 places, logistics parks at 35 locations. In addition, wayside amenities will be created at 180 sites over the next two years with each having job potential for many, he said.

On the ambitious Bharatmala project, he said under the first phase, 550 districts will be linked with the NHs.

The ministry will also be undertaking trial-runs of two seaplanes, one each from Japan and Russia, next month.

"We are taking various initiatives to boost tourism.

We will conduct trial runs of sea-planes next month. We are awaiting Cabinet approval for amphibious buses. Besides, we are also taking steps to promote cruise tourism," he said.


Air India set to have 'Maharaja' class seats on international flights
Taj group acquires Lutyen's Delhi hotel in NDMC auction
Air India set to have 'Maharaja' class seats on international flights
Google announces training programme for journalists
Sensex tanks 261 pts as US-China trade spat escalates
FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
NITI welcomes $16 bn Walmart-Flipkart deal
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Turkey hits back at Trump, imposes tariffs on US goods worth $1.8 bn
 (Washington D.C, June 21, 2018):The Turkish government imposed tariffs of $266.5 million on $
Israeli Prime Minister's wife charged with fraud
Iran lawyer arrested after claiming executed man innocent
UK PM calls US images of migrant children 'deeply disturbing'
NATIONAL NEWS
Yoga a unifying force, says Modi
 (DEHRADUN,June 21, 2018):Prime Minister Narendra Modi on Thursday heralded this year's main e
Kamal Haasan meets Sonia Gandhi
Inform people about govt's achievements: Khattar to BJP morchas
Leaving CEA job for very compelling reason; will leave by early Sep: Subramanian
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.