Right now, India’s transport departments and ministries are structured in a way that they are operating in silos. But going forward, we need to come and work together, and make the most efficient and effective investment for the economy.
According to rating firm ICRA outlook for the road sector, while the engineering, procurement and construction (EPC) project executions may witness a temporary slowdown during the general elections; the build-operate-transfer (BOT) and hybrid annuity model (HAM) projects executions are expected to continue unabated.
Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala programme and subsequent new procedure for sanction being put in place in November 2017. As reported, during this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs 1,960 billion.
Roads and highways have been important and critical in the overall revival of the industry from 2015 to 2017. 'The sector is a positive growth driver and it is reassuring for the industry to see it continuing to move ahead,' says Jasmeet Singh, Head-Corporate Communications and External Relations, JCB India.
Focus, zeal, vigour - these qualities, incredibly evident in this minister, have contributed to his extensive mandate. Indeed, Nitin Gadkari, Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Government of India, has been on a development spree; testament to this is the progress in the roads sector.
India for us is an extremely important market. We strongly believe the development of infrastructure will be an important phase in the development of the country over the next 10 years. So, there is a great opportunity for companies like ours.