NEW YORK, July 14, 2016 /PRNewswire/ --
The Roads and Highways sector of India is expected to witness huge upsurge in coming years on account of increasing requirements propelled by economic development. The increasing traffic and ageing road infrastructure will attract huge investments in building roads and highways in India. The growth in population and increasing disposable income of people leads to increased requirement of public infrastructure which will pose a huge expansion in roads and highways network in the country. The roads in India accounts for 85% of passenger traffic and 65% of freight traffic. The high dependency on road transport network has led to increase in focus of the government on expanding the road infrastructure network in the country. There is a huge potential in India to make investments in roads and highways infrastructure. The government of India has planned to increase the rate of road construction in near future which will require huge investments in the sector. The requirement for road infrastructure development is from all quarters of the nation which includes development in rural and urban areas. The development of smart cities and enhancement of accessibility to rural areas in India will attract huge investments in building road network.
(Logo: http://photos.prnewswire.com/prnh/20140117/663730 )
India Roads and Highways: Drivers and Restraints
The increasing focus on upgrading and building roads and highways in the country will provide a big thrust to the same. The development of roads and highways helps in reduction of traffic congestion and hassle-free movement of traffic. The Indian government has allowed 100% foreign disinvestment in road sector which is a big boost for development of road infrastructure in the country. The implementation of Public Private Partnership model in road construction projects has provided huge impetus to the sector with increasing participation of private developers getting into agreement with government agencies. The development of financing mechanisms will push the market for roads and highways infrastructure development in the country. The major restraint in development of roads and highways has been aggressive bidding, land acquisition issues, encroachments, environmental clearances, etc. The challenges faced in execution of road projects have resulted in time and cost overruns which needs to addressed.
India Roads and Highways: Segmentation
The roads and highways in India is segmented on the basis of types and region
Based on types, the India Roads and Highways is segmented into the following:
Based on region, the India Roads and Highways is segmented into the following:
India Roads and Highways: Overview
The Roads and Highways Market in India is anticipated to grow at a steady rate during 2016-2021, on account of increasing focus of the government on development of infrastructure in the country. The National Highway Authority of India has Planned to build 50,000 kilometres of roads in next six years. The National Highway Development Project (NHDP) of Indian government is a major effort to expand and upgrade the highways network in India. The participation of private players and overseas investors in roads infrastructure development is big boost for the sector on account of huge investments expected from them.
The increasing traffic and growing population in India has posed urgent need to develop roads and highways infrastructure in the country. The ageing road infrastructure and growing traffic has led to increase in traffic congestion in India which requires increasing investments in upgrading existing infrastructure and building new ones. The government of India envisages world class roads and highways infrastructure to ensure speedy transit of freight goods in the country. The development of expressways is a major initiative to develop world class highway infrastructure in India.
India Roads and Highways: Segment-wise Outlook
At present, the district roads which include the urban and rural road network have maximum length which is expected to remain the same in near future. The highways network in India which include the national highways and state highways constitute 1.7% of total roads in India and they carry 40% of Indian traffic. In order to meet huge traffic, the highways development is of paramount importance in India. The expressways network in the country is in the nascent phase and it is going to witness huge growth in near future.
India Roads and Highways: Key Players
Key players in the Roads and Highways infrastructure business in India include Larsen & Toubro, Jaiprakash Associates, Lanco Infratech, GMR Infrastructure, Punj Lioyd, Gammon India etc.
The report covers exhaustive analysis on:
"India Roads and Highways Sector Opportunities & Forecast, 2025" will analyse the potential of the roads and highways infrastructure market in India and will provide statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence which help them in taking sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers and key challenges faced by the industry.
Report Highlights:
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York - 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Connect with us on Twitter - https://twitter.com/TechSciResearch
Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research
Share this article