Private participation crucial for logistics infra growth: Gadkari

To support infrastructure-led growth, mere budgetary provisions will be insufficient and private participation is extremely crucial,” said Nitin Gadkari, Minister of Road, Transport and Highways, Govt of India in the presence of Rajiv Bansal, IAS Secretary, Ministry of Civil Aviation of India, while unveiling the report on ‘Infrastructure – Key Driver of India’s Amrit Kaal March’ by CareEdge Ratings. He added, “There are four key pillars which will be regarded as the biggest capital in this century- Honesty, Credibility, Quality and Goodwill. Credit rating plays an important role at every step of infrastructure development. Be it for achieving financial closure, or at the time of bidding projects or at the time of seeking refinancing etc. The credit rating assessment is expected to incorporate performance evaluation of the contractors giving a lot of emphasis on quality parameters, transparency, technical innovation in works execution and also achieving cost efficiencies in a time-bound manner. This is the need of the hour.”
Mehul Pandya, MD & CEO, CareEdge Ratings, “We are impressed by the Government’s unwavering commitment, exemplified by multiple ambitious projects such as Smart Cities Mission, Bharatmala Pariyojana, Sagarmala, Gati Shakti, UDAN and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). These initiatives aim to enhance connectivity, upgrade urban infrastructure, develop transportation networks, promote sustainable practices, and bridge the rural-urban divide. Such endeavours lay a solid foundation for inclusive growth and contribute significantly to the nation’s overall progress.”