"Indian Ports will make Rs 6000 Crore Profitability by the end of current year " says Nitin Gadkari
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Union Minister for Shipping,Road Transport and Highways Nitin Gadkari on Saturday said that Indian Ports sector will make Rs 6000 Crore Profitability by the end of current year. He said The Profit would be invested for creating assets to spur up growth which will create 50 lakh employment opportunities for the unemployed.
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| Nitin Gadkari |
Addressing the session at the PHD Chamber of Commerce and Industry Nitin Gadkari said that the valuable contribution of highways and shipping sectors to national GDP in next five years would rise to two percent from current insignificant level.
"The Infrastructure sector in India would witness massive changes and transformation in next few years by then many four-lane roads and highways would be converted in to eight-lane ones as also a large number of national highways be turned into expressways" He said.
"The necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament". He Said.
Union Minister for Shipping, Road Transport and Highways Nitin Gadkari on Saturday said the profitability of the Indian port sector by the end of current year will reach around Rs.6,000 crore.
The profit would be invested for creating assets to spur up growth, he said.
Addressing a session at the PHD Chamber of Commerce and Industry
here, the minister said in the next five years the contribution of
highways and shipping sector to national GDP would rise to two percent
from current insignificant level.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
The profit would be invested for creating assets to spur up growth, he said.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
Union Minister for Shipping, Road Transport and Highways Nitin Gadkari on Saturday said the profitability of the Indian port sector by the end of current year will reach around Rs.6,000 crore.
The profit would be invested for creating assets to spur up growth, he said.
Addressing a session at the PHD Chamber of Commerce and Industry
here, the minister said in the next five years the contribution of
highways and shipping sector to national GDP would rise to two percent
from current insignificant level.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
The profit would be invested for creating assets to spur up growth, he said.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
Union Minister for Shipping, Road Transport and Highways Nitin Gadkari on Saturday said the profitability of the Indian port sector by the end of current year will reach around Rs.6,000 crore.
The profit would be invested for creating assets to spur up growth, he said.
Addressing a session at the PHD Chamber of Commerce and Industry
here, the minister said in the next five years the contribution of
highways and shipping sector to national GDP would rise to two percent
from current insignificant level.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
The profit would be invested for creating assets to spur up growth, he said.
With poised growth, the roads, highways and shipping sectors would be able to create 50 lakh employment opportunities, he said.
Gadkari said the infrastructure sector in India would witness massive changes and transformation in next few years as by then many four-lane roads and highways would be converted into eight-lane ones as also a large number of national highways be turned into expressways.
He said the necessary permissions and approvals for undertaking such assignments have been completed and hoped the bill relating to making 111 water-ways would be cleared in the winter session of parliament.
- See more at: http://indianexpress.com/article/india/india-news-india/indian-ports-to-make-rs-6000-crore-profit-by-2016-nitin-gadkari/#sthash.NM6yBF87.dpuf
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