Advantage India
Robust
Demand
* As on November 30, 2022, the total length of National Highways in the country was 144,634 km.
* Passenger vehicle (PV) wholesales rose by 23% year-on-year in the December 2022 quarter of FY23. The total passenger vehicle dispatches increased to 9.34 lakh units.
Attractive
Opportunities
* 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.
* 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.
Higher
Investments
* 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.
Policy
Support
* 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.
Reliance Infrastructure Limited (RInfra)
Reliance Infrastructure Limited (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The company is also a leading utility company with presence across the chain of power businesses such as generation, transmission, distribution, and power trading. RInfra, through its SPVs, has executed a portfolio of infrastructure projects under BOT such as a metro rail project in Mumbai and eleven road projects with total length of about 1,000 kms. RInfra, along with its wholly owned subsidiary company, has installed capacity of 441 MW of power and distributes power to over 40 lakh consumers in Delhi. RInfra also provides engineering, procurement, and construction (EPC) services for developing power infrastructure and road projects.
Read More
GMR Infrastructure Limited
GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including Engineering, Procurement and Construction (EPC) contracting activities and operation of airports and special economic zones. Its airports segment is engaged in the development and operation of airports. Its power segment is engaged in generation of power and provision of related services and exploration and mining activities. The roads segment is engaged in the development and operation of roadways. The EPC segment is engaged in handling of engineering, procurement, and construction solution in the infrastructure sector. The others segment is engaged in urban infrastructure and other activities.
Read MoreIRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited is a road BOT operator. The company's principal activity is the construction and maintenance of roads. Its business segments include road infrastructure projects, which includes development and operation of roadways; real estate, which includes real estate development; and others, which includes windmill (sale of electricity generated by windmill), hospitality and airport infrastructure. Its construction business complements its BOT vertical by executing engineering, procurement and construction, and O&M aspects of BOT concessions. It has a portfolio of over 20 road BOT projects. It has in-house integrated project execution capabilities in both its business verticals, including construction and O&M of highways. Its clients include government agencies such as National Highways Authority of India (NHAI) and state road development authorities, which develop highways.
Read More
Related News
MOREIndian Roads
- Srinagar
- Golden quadrilateral
- North South / East West / Corridor
- Porbandar
- Mumbai
- Chennai
- Kanyakumari
- Kolkata
- Silchar
IBEF Campaigns
MORE
India Organic Biofach 2022
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
Case Studies
MORESustainable Circular Economy in India
A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks ...
Future of Data Science and AI in India
Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level co...
Service Sector Contribution to India's GDP
India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. ...
IBEF BLOG
MORE
The Sky’s the Limit: India's Growing Aviation Industry
The Sky’s the Limit: India's Growing Aviation Industry India is ...
Unlocking new opportunities in the E-Mobility Market of India
Unlocking new opportunities in the E-Mobility Market of India The automobi...
Warehousing and Logistics Sector in India
The warehousing, industrial, and logistics (WIL) sectors are projected to b...
Partners
