Home Auto News Industry India best destination for foreign investment with high returns: Nitin Gadkari to...

India best destination for foreign investment with high returns: Nitin Gadkari to EU investors

New Delhi: Terming India because the best destination for foreign investment with high returns, Union Minister Nitin Gadkari on Friday urged European investors to spend money on India. He additionally said that the federal government is selling clean gasoline and dealing in direction of operating long-distance buses and vehicles on LNG, Gadkari said.

Apart from LNG, the federal government’s focus is to take ethanol economic system from the present Rs 20,000 crore to Rs 1 lakh crore, Road Transport, Highways and MSME Minister Gadkari said whereas addressing the members from European Economic Group on ‘Sustainable Transport and MSMEs’ by video convention.

“Government is looking at LNG as fuel for trucks and buses in transport on long routes of more than 700 to 800 km. In addition, it is promoting ethanol to reduce Rs 7 lakh crore annual import of crude. The volume of the ethanol industry is Rs 20,000 crore which we want to take to Rs one lakh crore,” the minister said.

He said plans are afoot additionally to develop industrial clusters, together with leather-based, plastic, chemical, furnishings and others, alongside with the Rs one lakh crore Delhi-Mumbai Expressway on the sample of clusters in China, and it was opportune time for investors significantly from Europe to spend money on India to get high and protected returns under the present circumstances when the world is battling COVID-19.

Developing such clusters would scale back logistics prices and convey good returns, he said.

India is the best destination for foreign investment with high returns, Gadkari said, including that the federal government is making an attempt to faucet investment from completely different sources, together with from the pension fund, insurance coverage fund and inventory market, in addition to the World Bank and ADB.

He additionally said other than being one of many quickest rising economies, India is making things digital for transparency and urged investors to spend money on infrastructure, MSMEs, banks, NBFCs and different areas.

“It is a golden opportunity for you. Your investment will be safe and you will get very good returns,” the minister said, including that COVID-19-hit Indian economic system wants liquidity.

“Invest in India including through JV. It will be secured here as India has strength. India needs liquidity. It has big market, skilled manpower and is focussing on increasing exports and reducing imports,” the minster famous.

Urging gamers to spend money on the highways sector, the minister said that 22 inexperienced expressways have been on the anvil and work has aly began on seven of them.

He said that talks have been additionally on with a Swedish firm for electrical freeway stretch on Delhi-Mumbai Expressway.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Zap out unwanted hair with Hina Khan’s homemade hard wax; check it out

The actor is right here with a foolproof answer for that unwanted hair. (Photo: Hina Khan/ Instagram)Unwanted hair has been some of the frequent...

Magnum Photos set to review archive after row over images of child sexual exploitation

Magnum Photos web site was quickly down two days in the past. (Source: Magnum Photos)One of the world’s most reputed photo businesses, Magnum Photos...

Disha Patani stuns in this golden eye look, here’s how you can recreate it

This look simply requires 5 straightforward steps. (Photo: Disha Patani/ Instagram, designed by Shambhavi Dutta)Make-up is artwork, however it can also be remedy. A...

Diesel sales drop 19% in first half of August compared to previous month

NEW DELHI: Diesel sales dropped by a fifth in the first half of August compared with a month in the past, signalling prolonged regional...

Media often captures sentiments correctly ahead of monetary policy: RBI study

Media often captures the sentiments correctly ahead of monetary coverage bulletins by the central financial institution, says a study by the Reserve Bank of...

World economy to see 'worst contraction' in 2020; steel demand to fall: Chandrasekaran

NEW DELHI: Steel demand is expected to decline considerably in 2020-21 in line with a projected contraction in the worldwide economy due to the...

Increase number of labs, start forensic study in MBBS: NHRC webinar panellists suggest

Citing “lack” of sufficient number of forensic laboratories and manpower to deal with these amenities, human rights and crime investigation specialists have prompt...

MS Dhoni: Tinker, Tailor, Soldier, Bye

Mahendra Singh Dhoni was digging right into a plate of noodles sitting on the steps of the Eden Gardens foyer. He had simply hit...

Govt may not need to infuse fresh capital in PSU banks this fiscal

New Delhi: The authorities may not have to inject fresh capital into the general public sector banks (PSBs) as one-time mortgage restructuring permitted by...

Ideal love: People weigh in on relationships, intimacy and infidelity

Poster of the 2019 rehashed model of 'Pati Patni Aur Woh' that delved into the topic of infidelity. I used to be simply waking...

LATEST NEWS

Ravi Shankar Prasad says Rahul Gandhi’s attack on RSS, BJP relies on a myth, asks a counter question

Senior BJP chief and Union minister for electronics and knowledge expertise and communications, Ravi Shankar Prasad, on Sunday launched a counter attack on Congress...

Locked for five months, shrines in J-K finally reopen

Some outstanding non secular locations together with shrines opened in Jammu and Kashmir on Sunday for prayers after remaining closed for over five...

India’s Covid-19 death toll hits 50,000 mark

The variety of deaths from the coronavirus illness (Covid-19) in India exceeded 50,000 on Saturday, making it the fourth nation — after the...

Indian Railways to run Ganpati Special trains between Gujarat, Maharashtra

The Indian Railways will run extra Ganpati Special trains in co-ordination with Western Railway and Central Railway between Ahmedabad/Vadodara and Ratnagiri/Kudal/Sawantwadi Road stations...

MS Dhoni: Tinker, Tailor, Soldier, Bye

Mahendra Singh Dhoni was digging right into a plate of noodles sitting on the steps of the Eden Gardens foyer. He had simply hit...

ISL to be held in three venues in Goa: Organisers

All matches of the seventh version of Indian Super League will be held in three venues in Goa, possible in November, amid strict health...

Kevin de Bruyne named Premier League Player of the Season

Manchester City midfielder Kevin De Bruyne was named the Premier League Player of the Season on Sunday, changing into simply the third Belgian to...

Will BCCI retire No.7 jersey with Dhoni? Dinesh Karthik raises demand

Will Mahendra Singh Dhoni’s no.7 jersey comply with him into retirement? A demand has actually been raised and a distinguished voice inside BCCI agrees...