Construction & Infra's Newfound Momentum
Sujith Vasudevan, Managing Editor, 0
Things are happening quick and fast in road infrastructure as well. According to the data divulged by the National Highway Authority of India (NHAI), the annual average construction of national highways has recorded an 83 percent spike compared to the pace of highway construction before the current minister, Nitin Gadkari’s time. His third term is good news for the segment. The NHAI has now identified 19 projects that will help it step up the Centre's efforts to revive private investment in the highways sector. These projects will involve a cumulative investment of around Rs 56,000 crore to offer them in build-operate-transfer (BOT-toll) mode. These highway projects, covering around 900 km, are spread across several states, including Assam, Tamil Nadu, Maharashtra, Madhya Pradesh, and Telangana. On the other hand, the Indian Railways’ first indigenous semi-high-speed train, Vande Bharat Express, has taken the country by storm. The Indian engineering segment is having the time of its life, and it is getting transformed into something bigger in the form of opportunities. We think it is the right time to delve deeper into the Indian construction and infrastructure segment.
Do let us know your thoughts.
Do let us know your thoughts.