Govt needs to overhaul road infra regulations – Kamal Nath

May 30, 2009

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India needs to rework its regulatory policy framework for road infrastructure, the new transport minister said on Friday, as the government looks at the sector to boost growth in a flagging economy. “Old regulatory framework needs to be looked in a new way,” Transport Minister Kamal Nath told a news conference.

India’s economy slowed to a six-year low of 6.7 percent in the year to March 2009, and many expect it to slow further to 6 percent in the current fiscal year, compared with 9 percent or more in the recent past.

Source: in.reuters.com