MEASURES to encourage capital investment have been an important aspect of “Modinomics” as it is not just a wealth creator but also a means of employment generation, said Union Minister Nitin Gadkari on Friday.

“In the 60 years of Congress rule, hatred was spread against capitalists. During the Congress rule, governance was budget-centric,” said the Minister of Road Transport and Highways here at an event on the achievements of nine years of the Narendra Modi Government. Encouraging domestic capital investment, and bringing foreign capital for development are necessary to eradicate poverty, he said.

 

Works worth Rs 9 lakh crore are being carried out with a budget of Rs 900 crore because the Modi Government is encouraging capital investment, said the senior BJP leader. Capital investment creates wealth and jobs, he stressed.

Recalling his days as the PWD (Public Works Department) Minister of Maharashtra in the 1990s, when the undivided Shiv Sena-BJP alliance was in power, Gadkari said he would then speak of infrastructure projects on BOT (build-operate-transfer) and PPP (public-private partnership) basis.

 

He said the Congress leaders would mock him saying whether the Government was “given on BOT and PPP”. Today, public-private partnership and build-operate-transfer models are well accepted, he said.

In the Modi Government, Gadkari said, decision-making is transparent and time-bound because of good governance with a focus on development and economic growth.