Centre to add 700 km of highways annually
The Hindu Business Line, October 23, 2009, Page 15
Our Bureau, Kolkata, Oct. 22
The Union Government proposes to lay 700 km of new highways every year for the next few years to fill the infrastructure gap and to improve connectivity, according to Mr Kamal Nath, Union Minister for Roads, Transport and Highways.
Addressing India Invest 2009, a conference organised by the Indian Chamber of Commerce in Singapore on Wednesday, Mr Nath said roads could add up to 1.5 to two per cent of GDP.
India and Singapore, the Minister felt, would emerge as the key players in the economic integration among Asean countries and the first economic agreement between the two countries was already yielding results as evident from the bilateral trade figure of $19 billion, which was set to rise further in the near future.
Mr D.D. Lapang, Chief Minister of Meghalaya, expressed the view that India’s North-Eastern region and Singapore could contribute significantly to the further growth of bilateral trade between India and Singapore in conformity with India’s Look East Policy which has gained momentum after the signing of the India-Asean FTA. He urged investors in Singapore to grab the opportunities available in Meghalaya in areas such as infrastructure, tourism, agro and food processing.
Mr S. Iswaran, Senior Minister of State, Ministry of Trade and Industry, Singapore; Mr Sunny Varghese, Chairman, IE Singapore; and Mr Vijay Iyenger, Chairman, SICCI, spoke about how to take forward the growing economic relations. The Indian Chamber of Commerce is holding a similar conference in Jakarta today (Thursday).
The Hindu Business Line, October 23, 2009, Page 15
Our Bureau, Kolkata, Oct. 22
The Union Government proposes to lay 700 km of new highways every year for the next few years to fill the infrastructure gap and to improve connectivity, according to Mr Kamal Nath, Union Minister for Roads, Transport and Highways.
Addressing India Invest 2009, a conference organised by the Indian Chamber of Commerce in Singapore on Wednesday, Mr Nath said roads could add up to 1.5 to two per cent of GDP.
India and Singapore, the Minister felt, would emerge as the key players in the economic integration among Asean countries and the first economic agreement between the two countries was already yielding results as evident from the bilateral trade figure of $19 billion, which was set to rise further in the near future.
Mr D.D. Lapang, Chief Minister of Meghalaya, expressed the view that India’s North-Eastern region and Singapore could contribute significantly to the further growth of bilateral trade between India and Singapore in conformity with India’s Look East Policy which has gained momentum after the signing of the India-Asean FTA. He urged investors in Singapore to grab the opportunities available in Meghalaya in areas such as infrastructure, tourism, agro and food processing.
Mr S. Iswaran, Senior Minister of State, Ministry of Trade and Industry, Singapore; Mr Sunny Varghese, Chairman, IE Singapore; and Mr Vijay Iyenger, Chairman, SICCI, spoke about how to take forward the growing economic relations. The Indian Chamber of Commerce is holding a similar conference in Jakarta today (Thursday).
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