Q75. With reference to the National Highways Investment Promotion Cell (NHIPC), which of the following statement(s) is/are correct?

1. It is created by the Ministry of Finance to promote investment.

2. The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects.

3. It can be beneficial for the ‘Bharatmala Pariyojana’.

Identify the correct statements.

(a) Only 1 and 2

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(b) Only 2 and 3

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(d) All of the above

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Solution

The correct option is B
(b) Only 2 and 3

The National Highways Authority of India has created a National Highways Investment Promotion Cell (NHIPC) for attracting domestic and foreign investment for highways projects. The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects.

The Government has set an ambitious target of construction of 35,000 km. of National Highways in the next five years involving an investment of Rs. 5,35,000/- crores under ‘Bharatmala Pariyojana’.

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