Union Minister Nitin Gadkari on Thursday made a case for Indian companies forming joint ventures with US companies to leverage their new technologies.
Addressing AMCHAM’s Annual Leadership Summit, Gadkari further said Ministry of Road Transport and Highways is exploring possibilities of taking help of US consultancy companies in preparation of detailed project report (DPR) for road projects.
“India is the fastest growing major economy… the US companies develop lots of new technologies, so it is very important for Indian companies to have joint venture with US companies,” he said.
Noting that supply chain is the most important part in logistics, Gadkari said logistics cost in India has come down to single digit helped by rapid expansion of expressways and economic corridors.
Gadkari further said six months ago, a report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore revealed that India’s construction of expressways and economic corridors has helped reduce the country’s …