India’s infrastructure sector has the potential of boosting GDP growth by 2-3% and efforts are being put in by his ministry to achieve this.

The event saw the release of ‘[email protected]’, a digital report tracking the journey of India’s infrastructure sector over the last 70 years, by the Union Minister for Railways Mr. Suresh Prabhu and the Union Minister for Steel Chaudhary Birender Singh. The three Cabinet ministers engaged in an insightful discussion moderated by Mr. Utpal Bhaskar, Editor, InfraCircle on what it would take for India’s infrastructure sector to realize its true potential.

Mr. Gadkari said :

“Infrastructure as a sector is not just an employment generator, but is also a growth engine. By ensuring that land acquisition processes are made less complicated and improving cross ministerial coordination to get projects cleared and off the ground, the cost of projects have been optimized. This has facilitated the return of investor interest in road projects. Initiatives like construction of 40 kilometers of roads every day, building the 14 express-highways and exploring the potential of in-land waterways can boost our GDP growth by 2-3%.”

During the discussion, he also said,

“India’s shipping sector has witnessed a better performance this year with 12 ports showing profits to the tune of Rs 6,000 crore. We intend to make this figure Rs 7,000 crore in the next financial year.”

Mr. Gadkari on speaking about the scope for innovation in the sector observed that :

“We realize that pollution is a serious problem and believe that 100 percent ethanol oil based buses can ploy on Indian roads. Our government is looking at electric modes of transport to address the problem of pollution in the Capital over the next 400 days.”

Mr. Suresh Prabhu, Union Minister for Railways, furhter contributing to the discussion, said,

“In earlier times, customer centric thinking was not associated with the Indian Railways. Today, we as service providers have been made to realize the importance of providing good service to passengers right from ticketing to the end of the journey. We are heading towards the Rs 1,00,000 crores capex mark with Rs 40,000 crore worth of orders being on track. From being a highly centralized institution, we are now looking to include states as key stakeholders. So far 16 states have given their approval to our plan.”

Furhter Union Minister for Steel Mr. Chaudhary Birender Singh said,

“As a result of the anti-dumping measures taken in the last 10 months, imports have fallen by 40 per cent and exports are up 50 per cent. Extending the Minimum Import Price (MIP) regime on 66 steel items will alleviate the steel industry, which has been under stress over the past two years.”

Source : http://bwdisrupt.businessworld.in/article/-Govt-Driven-Efforts-in-Infrastructure-Sector-to-Boost-GDP-Growth-by-2-3-Nitin-Gadkari/18-12-2016-109979/