Itika Srivastava
Itika Srivastava
Associate Author

Itika Srivastava

Saturday 12 Aug 17 12:21:11 PM
Government is committed to Infrastructure Development : Gadkari
Government is committed to Infrastructure Development : Gadkari

The government is committed to infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard Ltd., a government flagship company, said Union Minister of Road Transport and Highways and Shipping, Nitin Gadkari, in Mumbai today. He was the Chief Guest at the inauguration of the renovated BSE international convention Hall and Listing of equity shares of Cochin Shipyard LTD. Speaking on the occasion he signifies the success of government’s economic policies, friendly approach for development, transparency and corruption free system. The efficiency of the government ports has increased by 2.86% in comparison to private ports. The Minister also said that in the shipping industry there is a lot of potential for ship building and ship repairs. He said “In the next 15 days the work of 10 inland waterways will be started in the different parts of the country. Inland waterways is a game changer. It is going to reduce the logistic cost and this will help the industry in export promotion and be creating more employment.” The Minister also said “12 express highways work is on and Mumbai to Vadodara Express Highway work worth Rs. 44000 crores will start in the next three months.”

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