Road sector sees major growth over last five years

29 Sep 2022 CW Team

India has seen significant growth in its road network over the last five years, as the government has given priority to this sector. For the financial year 2021-22, the Central budget allocated more than Rs 1.18 trillion to the Ministry of Road Transport and Highways (MoRTH).

India currently has one of the largest road networks in the world, spanning over 5.8 million km. Of this, around 2% are National Highways, 3% are State Highways and the rest are part of the district and rural road network. Over 64.5% of all goods and 90% of passenger traffic move by road.

The government has identified various economic corridors help transform India’s economy. The importance attached to the sector is also evinced by the fact that it accounts for approximately 18% of the National Infrastructure Pipeline. Various state governments are also developing critical road corridors as a catalyst of economic development.

The government has taken measures to revive languishing projects, solve operational issues to ensure timely completion of projects, provide time bound dispute resolution, expedite land acquisition, put enhanced focus on road safety and adopt technology enabled solutions.

Lately the focus has been on road safety, green initiatives, digital transformation and augmentation of funding sources.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..