Indian ports expected to generate 7,000 crore this year: Gadkari

Vastavam web: Indian ports are expected to generate a profit of Rs 7,000 crore this year, Road Transport, Highways and Shipping Minister Nitin Gadkari said today.Addressing some 3,000 delegates at the Asean-India Pravasi Bhartiya Divas here, he highlighted the profitability of investments in Indian projects, and underlined the potential of a wide range of projects.Six new port projects were being planned, said Gadkari, who inaugurated the gathering where over nine sessions are being held on all aspects of business opportunities in India.

He invited Asean investors to participate in Indian infrastructure projects, as the pace of development is accelerated.He also gave a progress update on projects, saying 60-70 per cent of work has already started on India’s road connection to Myanmar, Bangladesh, Bhutan and Nepal.The Mumbai special economic zone has attracted 40 companies, including one from Taiwan which has offered Rs 6,000 crore investment.Gadkari has also appealed to the Indian diaspora community to donate as well as participate in the Clean Ganga Project.