Taking The Unlimited Road

Budget AllocationIncreased by 13% to Rs. 19,894 croreDisbursement by IIFCL to be doubled to Rs. 20,000 crore subsequent year fdcWincolComputeStyle(); fdcWincolComputeListpos("feature_with_art"); OAS_query = "?template=story_feature_with_art";var alertsList = { "alerts":[{"type":"keywords","key":"India","value":"India"},{"type":"keywords","key":"Highway Development Plan","value":"Highway Development Plan"},{"type":"keywords","key":"Kamal Nath","value":"Kamal Nath"},{"type":"keywords","key":"National Highway Authority of India","value":"National Highway Authority of India"}]}; firstHTML(); OAS_AD("BigBanner"); secondHTML(); OAS_AD(centBan); thirdHTML(); showHMenu(fdcchannel); OAS_AD("StoryLogo"); Forbes India Taking The Unlimited Road by Cuckoo Paul & K.P. Narayana Kumar,03.23.10, 06:00 PM EDTRoads Minister Kamal Nath has embarked on the worlds majority desirous main highway expansion plan. He will confront multiform hair-pin bends on the way. Kamal Nath Budget AllocationIncreased by 13% to Rs. 19,894 croreDisbursement by IIFCL to be doubled to Rs. 20,000 crore subsequent yearemailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/23/forbes-india-roads-minister-kamal-nath-highway-development.html?partner=yahoobuzzBig IdeaWill pave the approach to account the rollout of NHAIs desirous main highway planLong-term GoalLinking India. To be means to bond people and materials to markets all over the countryIt is difficult being an Indian politician. A half-decent good dialog with industry is noticed with guess unless you dive to verbalise of thorough growth. Jet-setting around the universe perplexing to lift collateral might be seen as personal extravaganza. Power breakfasts with Wall Street dealmakers or a nodding familiarity with a World Bank central might well code you as an exploitative capitalist. It takes a singular statesman to do all this and nonetheless keep his domestic ground.Kamal Nath is a past master in that art. The roads and highways apportion has warranted the certainty of industry over the years with stints in custom and sourroundings ministries. He has additionally built a challenging domestic subdivision and has been a part of Parliament invariably for the past 3 decades, save a integrate of years. It additionally helps that he has the ears of Congress Party President Sonia Gandhi. It is from this on all sides of strength that he attempts to book one of the greatest infrastructure rollouts in the universe today.,,2010/03/23/forbes-india-roads-minister-kamal-nath-highway-development.htmlGovernment await to the zone is clear in the Rs. 19,894 crore sustenance that the financial apportion has allocated in this bill for construction roads. IIFCL (India Infrastructure Finance Company) will additionally enlarge disbursements to Rs. 20,000 crore by 2011 to financial these projects.Nath is spearheading the National Highway Development Program that aims to set up or ascent 47,000 kilometers of highways by 2015, the greatest such plan opening up for investment anywhere in the world. The apportion has additionally set for himself a difficult target: To set up twenty kilometers of roads each day. Naturally, the industry--from concrete makers to highway developers--is salivating at the awaiting of contracts that will be value Rs. 100,000 crore ($22 billion) each year.The mercantile potential--jobs, consumer spending and entrepreneurship--that this mega plan can unleash is huge.Now that we are sole on the dream, can Kamal Nath lift it off?
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