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Domestic infrastructure companies make a u-turn, show interest in road projects

Domestic infrastructure companies make a u-turn, show interest in road projects

Ruchika Chitravanshi

Oct 3, 2014, 03.18AM IST

Investors have taken renewed interest in India's road sector, with domestic infrastructure companies, which had earlier shunned bids put up by the Narendra Modi-led government, having expressed interest in them after Malaysian and Chinese firms wanted to pick up five public-private partnership projects worth Rs 10,000 crore. "We have seen renewed interest in some projects that had been up for bidding earlier but had not found any takers. This is especially so after foreign investors showed keenness to take them up," a senior government official told ET...

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Read more at The Economic Times: http://articles.economictimes.indiatimes.com/2014-10-03/news/54599651_1_road-projects-parvesh-minocha-foreign-investors