He said that the infrastructure has the potential to generate huge employment and give the needed boost to the economic progress. The economy slowdown is a temporary phase, said the Minister of State for Road Transport and Highways Mr. V K Singh.
He noted that "the sector that is going to make a difference in ensuring that the recovery is fast and the recovery is big is the infrastructure sector - whether it is railways, whether it is road, whether it is airports or whether it is communication".
Mr. Singh was addressing at 'Infra Awards 2019' by Dun and Bradstreet India (D&B India), a provider of global business information.
He added, "We have a basket of approximately Rs 15 lakh crore (US$ 215 billion) projects which have to be given out in this 5 year that are coming up. These include economic corridors, port connectivity, connecting important places, SEZs and tourists' places".
He further stated that the role of infrastructure in restoring the economic growth could be understood from the fact that this was the sector which pulled out the US from the great depression in 1930s. He said with the government's focus on infrastructure, it was possible to achieve the US$ 5 trillion economy target.
HCC for Bogibeel Rail-cum-Road project and Larsen & Toubro for Nagpur Smart City Solutions were among the project award winners on the occasion.
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