FM to set regulators for road sectors

By Accommodation Times News Service
The Finance Minister P Chidambaram has said the government will set up an independent regulatory authority for road sector and infrastructure sectors in next coming months. He said, ‘’there will be a road regulatory authority and in the next two or three months. The authorities will become more effective mechanisms to address problems being faced in implementation of road projects.
Projecting India as an attractive investment destination with stable fiscal regime he has invited the Canadian Investments in sectors like infrastructure, he said at Canada India Business Council. Later he said the country is keen to sign the free trade in the near future. Both sides expect that bilateral trade between the countries will triple to USD 15 billion by 2015 from USD 5 billion at present.
The FM is on a week long visit to Canada and with an aim to attract foreign investments in India.

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