The Central Government is planning to launch a dedicated international subsidiary of the National Highways Authority of India (NHAI) to take up road and highway projects abroad, particularly in South Asia.
Simultaneously, India is also looking forward to setting up joint ventures (JVs) for road construction in neighbouring countries.
Union Transport Minister, Nitin Gadkari said his ministry was considering a proposal to launch “NHAI International” for undertaking roads and highway construction projects abroad.
A subsidiary could be in the form of a special purpose vehicle (SPV), which will collaborate with foreign companies to bag international projects.
The minister said India is keen to participate in road construction in neighbouring countries like Iran, Nepal, Bhutan, Bangladesh, Myanmar and Sri Lanka through joint ventures.
Sri Lanka has already agreed to allot a couple of road projects in northern Sri Lanka to India. said the Minister.
On the domestic front, the minister has set his sights on achieving a target of construction of 40 km of roads per day in the next year or so.
As per various estimates, India has one of the longest road networks across the world at over five million kilometres. The network consists of national highways, state highways, major district roads and rural roads.
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