Pralhad Joshi: India to receive $ 85 bn foreign investment for infra

Hubballi: Pralhad Joshi, minister for Parliament Affairs on Sunday said that India would receive foreign investment of $85 billion for creating various infrastructure including manufacturing mobile phone handsets and other equipment.
Speaking at a meeting organized by BJP, Joshi said many countries are looking to invest in India because it is the fastest growing economy and fifth largest economy in the world. “We need to fulfill the requirements of the world and walk along step by step with the development of the other countries,” he said.
Joshi said there were only two mobile phone handsets manufacturing units in India, but today there are 102 of them. He further said India has not only achieved surplus in electricity production, but also exporting power to other countries.
Infrastructure is also growing in almost every field in the country including the Indian Railways, he added.
Since Prime Minister Narendra Modi came to power at the center, 58,000 kms of railway track has been electrified. Of this, 26,000 kms have been electrified during the last eight years, Joshi said.
The union minister declared that this coming April, Vande Bharat trains will be introduced between Hubballi and Bengaluru, the travel time of which will be four to four-and-half hours.
He called upon the party workers to educate youngsters about how life was 20-25 years before without proper roads, electricity, drinking water and other infrastructures, compared to the facilities available today.
“This is due to implementation of various developmental projects by the BJP governments, and due to the hard work put in by its legislators in Karnataka,” he said. (UNI)

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