To attract foreign investment in its building programme, India is likely to invite Chinese investors to participate in the country's mega road projects, each entailing an investment of about Rs 4,900 crore ($1 billion). The country's Highways Minister CP Joshi was in China recently to attend the second Asia-Europe Meeting (ASEM) of transport ministers. India is serious on attracting foreign investment particularly in mega projects of about $1 billion (about Rs 4,900 crore) and is to hold meetings with Chinese investors.
Meanwhile, the Ministry sounded confident of awarding over 7,000 km of road projects this fiscal. However, the momentum is needed to improve and the target of 20 km per day. Getting rid of uncalled for delays have helped the government accelerate the awarding process of road projects, according to the Minister Joshi.
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