Union Minister Nitin Gadkari on Saturday said that the upcoming Rs 1 lakh crore Delhi-Mumbai Expressway project is going to offer huge investment opportunities for the investors, he also urged the investors to invest in proposed townships, smart villages and wayside amenities.
Gadkari also encouraged industry players to look into the possibilities of setting up clusters of leather, plastic, chemical, and other products along the highway that can cut down the travel time between Delhi and Mumbai to just 12 hours.
The road transport and highways minister, Nitin Gadkari said that the new extension of the highway passes through most backward and tribal areas of Haryana, Rajasthan, Gujarat, and Madhya Pradesh with no industry in the passage. And it is the time to relieve the congestion of already developed areas. Thus, this project offers industry players huge investment opportunities like setting up leather, plastic, chemical, etc clusters.
According to the senior minister,Mumbai Expressway these new clusters will help in the all-round development of the backward areas of these mentioned states.
Gadkari also holds Micro, Small & Medium Enterprises portfolio (MSME), so he urged town planners and others to look into the possible opportunities of investing in smart cities and smart villages, along with 2,000 roadside amenities and logistic parks that are being planned along this highway.
He also said about the need for low-cost housing projects along the expressway that can be achieved by utilizing the waste materials without compromising on the quality.
The government plans to complete this highway project within three years.
The minister added, a large number of roadside amenities and other projects can be taken along the highways for the development of the areas. So, there are several opportunities in logistics parks, smart cities, smart villages, cold storage, road construction, and developers should focus and think of something innovative idea to start an economic activity.