Nitin Gadkari Favours Majority Stake For Foreign Firms In Tunnel Construction
NDTV
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
Road Transport and Highways Minister Nitin Gadkari on Tuesday favoured giving a majority 51 per cent stake to foreign partners in joint ventures for building tunnels and detailed project reports to improve work quality.
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
In a lighter vein, Gadkari said that in some tunnel projects, European companies even choose Indian partners who own caterer services or beauty parlours for the construction of tunnels.
