Inviting investments from South Korea and other countries into the infrastructure sector, the President, Ms Pratibha Patil, today said nearly $1 trillion will be spent in the coming years to improve India’s roads, ports, railways and other core sectors.
“India attaches great importance to improving its infrastructure, for which about $1 trillion will be required in the coming years.
“This provides a great investment opportunity for foreign companies, including those from Korea,” Ms Patil, who is on a three-day visit to South Korea said.
“In expanding and modernising our roads, highways, airports, sea ports and railways, we will require investment from foreign entities and firms.
“We look forward to greater participation in this endeavour by Korean companies,” she said inaugurating a business interaction organised by Korea Chambers of Commerce.