The last two decades have witnessed massive highway infrastructure development in the country, primarily undertaken under the National Highways Development Project (NHDP) programme, which was started in 1998.
With the launch of the Phase-1 of Bharatmala nearing, Escorts has a range of products to offer the road building sector. Rajinder Raina, General Manager-Strategy & Business Development,Escorts Construction Equipment, shares more on the role of vendors and dealers with CW.
In India, the size of the cable manufacturing industry is approximately Rs 40,000 crore. The government has earmarked Rs 50,000 crore (US$ 7.53 billion) to develop 100 smart cities across the country.
October 2017 witnessed the largest ever outlay of road construction in India: Bharatmala. The programme involves around 83,000 km - including the first phase of 24,800 km - of national highways development by FY2022. It aims to bridge the critical infrastructure gap through corridor-based development, add to the country's overall GDP by 3 per cent, and unleash massive employment opportunities.
Over the years, this powerhouse has emerged as a leading surface transportation infrastructure company and is widely recognised as the pioneer of public partnership in India's surface transportation sector.
The Cabinet has approved the proposal for Bharatmala Pariyojana Phase-I along with other programs on October 24, 2017, which involves national highway development of around 83,000 km (including Bharatmala Pariyojana Phase-I is 24,800 km) by FY2022.
The Indian Government, through a series of initiatives, is working on policies to attract significant investor interest. The government plans to develop a total of 66,117 km of roads under different programmes such as National Highways Development Project (NHDP), Special Accelerated Road Development Programme in North East (SARDP-NE) and Left Wing Extremism (LWE),
PNC Infratech bagged the contract for the four-laning of the Nagina-Kashipur section of NH-74 from 71.61 km to 170.41 km in Uttarakhand and Uttar Pradesh under NHDP Phase 4. To be executed on EPC basis, the project comprises the widening of the existing highway for about 100 km, with 60 per cent passing through Uttar Pradesh and 40 per cent through Uttarakhand
MEP Infrastructure Developers has successfully completed the financial closure for two of its Hybrid Annuity projects in Ratnagiri (Arawali-Kante section and Kante-Waked section) in accordance with the Concession Agreement executed with the Ministry of Road Transport and Highways (MORTH). The said projects are part of the New Mumbai-Goa Highway project.