* As of March, 2023, the total length of National Highways in the country was 145,155 km.
* Passenger vehicle (PV) sales rose by 26.7% year-on-year in FY23. The total passenger vehicle dispatches increased to 38.90 lakh units.
* In the April-November 2023 period, more than 27 lakh units of passenger vehicles were sold compared to over 25.04 lakh units sold in the same period last year.
* The Government aims to construct 65,000 kms of national highways at a cost of Rs. 5.35 lakh crore (US$ 741.51 billion) by 2022.
* A total of 202 national highway are at the implementation stage in the country and are 6,270 km in length.
* Andhra Pradesh will spend US$ 296.05 million to build 8,970 kms of roads.
* A network of 35 Multimodal Logistics Parks are planned to be developed as part of Bharatmala Pariyojana, with a total investment of about Rs. 46,000 crore (US$ 5.55 billion), which can handle around 700 MMT of cargo.
* Transfer from National Investment Fund (NIF) was estimated at Rs. 20,000 crore (US$ 2.61 billion) as of March 2022.
* Under the Union Budget 2023-24, the Government of India has allocated Rs. 2.7 lakh crore (US$ 33 billion) to the Ministry of Road Transport and Highways.
* 100% Foreign Direct Investment (FDI) is allowed under the automatic route in the road and highways sector.
* In October 2021, the government issued a notice related to concessions under the Vehicle Scrapping Policy (effective from April 2022) to encourage vehicle owners towards discarding old vehicles which have higher fuel consumption costs.
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...
As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to fos...
The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...
Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...
India is leading the renewable energy revolution, with a strategic emphasis...
Micro, small, and medium enterprises (MSMEs) are the backbone of the Indian...
The Indian economy thrives on the contributions of the Micro, Small, and Me...