Original news was published on 12 July, 2016

Increased collaboration and investment in joint infrastructure project between the U.S. and India is expected to drive international opportunities for breakbulk operators.

“Indo-U.S. cooperation in the vital infrastructure sector will get a new impetus,” a spokesperson for the Indian transport ministry said.

Indian Minister for of Road Transport, Highways & Shipping Shri Nitin Gadkari is in Washington this week to discuss a wide range of projects of mutual interest.

The ministry expects around US$50 billion to US$60 billion of foreign investment for infrastructure and a further US$100 billion for industrial development and port-led economic growth in the maritime sector and inland waterways, water transport, coastal and cruise shipping and solar and wind energy generation.

Ntin Gadkari is holding bilateral talks with U.S. Secretary of Transportation Anthony Foxx aimed at expanding India’s current 1 billion ton cargo handling.

*NEWS SOURCE