Government may help IL&FS, acquire some of its assets: Nitin Gadkari

NEW DELHI: Road transport and highways minister Nitin Gadkari said the government may help the debt-ridden Infrastructure Finance and Leasing Services (IL&FS) without naming the company.

“There's a big company in infrastructure sector that's been facing financial woes. We'll try and see that the projects undertaken by it are completed. We could also acquire some of its good assets,” the minister said while speaking at an event organised by All India Management Association.

IL&FS has defaulted on some of its debt obligation.


The minster said 400 stalled highway projects worth Rs 3.85 lakh crore have been saved from becoming non-performing assets in last four years.

The minister said that government is working on making the biofuel available to bring down India's dependence on imported fuel.

Speaking on the controversy related to Rafael deal, Gadkari said that opposition leader Rahul Gandhi was doing a disservice to the nation by opposing the deal.

“No wrongdoings have been done in proposed acquisition of fighter jets from France. Also, government has no role in getting Anil Ambani into this deal,” Gadkari said.

While attacking Congress President Rahul Gandhi, the minister said it’s only people in Pakistan who want him to be the Indian Prime Minister.