India may consider a partnership with China for road and high-speed rail projects, an Indian government official said.
Kamal Nath, India's Minister of Road Transport and Highways, made the comment at the Credit Suisse Asian Investment Conference in Hong Kong on Monday.
India is inviting overseas participation in the country's road projects. In July last year, Nath said he expected foreign investors to fund half of the USD 20 billion per year earmarked for road construction and was seeking investment from pension funds and private equity.
India will need to spend USD 70 billion building roads over the next three years as it looks to infrastructure spending to stimulate demand and boost the economy. Of the total, USD 40 billion could come from private investors, with a quarter of that coming for overseas.
