|
|
Indian government will hold road shows in Zurich, Switzerland, on Tuesday so as to attract foreign investment for road projects in India.
The show is organised along with the Confederation of Indian Industry (CII), ICICI Bank, JM Financial Consultants and Swiss-Indian Chamber of Commerce. The Road Transport and Highways Minister, Kamal Nath, will be inaugurating the road show.
The road show is meant to attract foreign investments for 135 road projects with an estimated cost of $20.68 billion.
"We have done a road show in Singapore last month and now it will be Zurich and I am very hopeful that these roadshows will attract all desired foreign investment," Kamal Nath had told the reporters.
"I am also planning to re-consider the termination clause of the project so that more investors can come," he said.
The road sector requires an investment of about $70 billion by 2012. About $41.05 billion is expected from private sector participation where as $10 billion is being expected from investments both as equity and debt.
