The document provides an overview of the roads sector in India. It discusses that India has one of the largest road networks in the world spanning over 5.5 million km. The government is focusing on expanding the national highways and has set a target to increase their length from the current 122,432 km to 200,000 km. Several projects have been awarded by the National Highways Authority of India to private players for developing national highways across various states. The government is also focusing on improving road connectivity in the North East region and Left Wing Extremism affected areas through special programs.
The European Unemployment Puzzle: implications from population agingGRAPE
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We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
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USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What website can I sell pi coins securely.DOT TECH
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Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
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If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
Â
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
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Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
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Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
when will pi network coin be available on crypto exchange.DOT TECH
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There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
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Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Â
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
2. Table of Content
Executive Summary……………………….3
Advantage India…………………..….…....4
Market Overview …………………….…….6
Growth Drivers……………………...........15
Key Industry Associations.......……....….23
Useful Information……….........…………25
3. For updated information, please visit www.ibef.orgRoads3
EXECUTIVE SUMMARY
Source: MoRTH Annual Report 2015–16, NHAI, Make in India, Aranca Research
Overseas Investment for
infrastructure development
 CPPIB (Canada Pension Plan Investment Board) plans to invest US$ 322 million for infrastructural development in India.
 The Government has received public sector undertakings from countries like Malaysia and Japan for funding the
upcoming highway projects in India – annuity model 60 per cent of the investment is borne by the private investors 40
per cent by NHAI in 5 equal instalments.
 In November 2016, Union Government and Asian Development Bank signed US$ 500 million loan agreement to build
the longest bridge across river Ganga, in Bihar. The bridge is expected to be ready by 2020.
One of the largest road
networks in the world
 India had one of the largest road networks in the world, spanning over a total of 5.5 million kms. Over 64.5 per cent of all
goods in the country are transported through roads, while, 90 per cent of the total passenger traffic uses road network to
commute.
Rising budget allocation of
road sector
 During FY18-19, Government of India allocated Rs 71,000 crore (US$ 10.97 billion) for development of national
highways across the country.
Growing private sector
involvement
 As on September 2017, 312 projects were recommended for development by the Public Private Partnership Appraisal
Committee (PPPAC) .
 Investment of US$ 31 billion is expected in PPP by 2020 for national highways.
Rapid growth in national
highways
 In FY18, national highway construction hit record of 26.93 km per day.
 The Government of India plans to increase the length of National Highways from current 122,432 km to 200,000 kms.
 In FY17-18, national highways of 9,829 kms in length were constructed with 20 per cent growth from 8,231 in FY16-17.
5. For updated information, please visit www.ibef.orgRoads5
ADVANTAGE INDIA
 Greater connectivity between different cities,
towns and villages has led to increased road
traffic over the years.
 Growth in automobiles and freight movement
commands a better road network in India.
 Rise in the number of 2 and 4 wheelers,
increasing traffic supports the growth.
 The Central Government has set a target
to complete 300 highways projects by
March 2019.
 Government is planning to offer a bonus
of 10 per cent of the total project cost to
firms that construct and deliver highway
projects before deadline.
 Growing participation of the private sector
through Public-Private Partnership (PPP).
 The government has given a massive
push to infrastructure by allocating Rs 5.97
lakh crore (US$ 92.2 billion) for
infrastructure in the Union Budget 2018-
19.
 The total amount of investments till
December 2017 were Rs 73,845 crore
(US$ 11.46 billion) under Public-Private
Partnership (PPP).
 Road infrastructure has been key
government priority; sector received
strong budgetary support over the years.
 Financial institutions received
government approval to raise money
through tax-free bonds.
 100 per cent FDI is allowed under
automatic route subject to applicable laws
and regulations.
ADVANTAGE
INDIA
Source: NHAI, Make in India, MoRTH, Business Monitor International, Aranca Research
7. For updated information, please visit www.ibef.orgRoads7
ROAD NETWORK IN INDIA IS SUB-DIVIDED INTO
THREE CATEGORIES
Source: Ministry of Roads Transport & Highways Annual Report 2017-18
Roads
(Total length: 5.5 million kms)
State highways
 Total length: 155,222 kms.
 Share: 3 per cent of the total
roads in India.
National Highways Other Roads
 Total length: 120,543 kms.
 Share: 2 per cent of the total
roads in India.
 Total length: 5,207,044 kms.
 Share: 95 per cent of the total
roads in India.
8. For updated information, please visit www.ibef.orgRoads8
STRONG MOMENTUM IN EXPANSION OF ROADWAYS
Source: Ministry of External Affairs, Aranca Research, Crisil
Note: E – Estimate, Figures are as per latest data available
 Highway construction in India increased at 23.25 per cent CAGR
between FY14-18. In FY18, 9,829 km of highways were constructed
with an expenditure of Rs 1.16 trillion (US$ 18.05 billion).
 Highway construction revenues is forecasted to grow at a CAGR of
20 per cent by 2020.
 Increasing industrial activity, increasing number of 2 and 4 wheelers
would support the growth in the road transport infrastructure projects.
 The first phase of construction work of Mumbai's 29.2 km long
coastal road is expected to begin in September 2018.
 In May 2018, the Government of India approved construction of a 9.9
km 6 lane bridge project across Ganga in Uttar Pradesh on NH-36
with the total capital cost of Rs 1,948.25 crore (US$ 302.29 million).
The construction of the project is expected to be completed by
December 2021.
Visakhapatnam port traffic (million tonnes)Highway Construction in India (km)
4,260 4,410
6,061
8,231
9,829
0
2,000
4,000
6,000
8,000
10,000
12,000
FY14 FY15 FY16 FY17 FY18
CAGR 23.25%
9. For updated information, please visit www.ibef.orgRoads9
52,500
49,700
42,600
47889
48883
66613
78,109
100,000
-
20,000
40,000
60,000
80,000
100,000
120,000
2011 2012 2013 2014 2015 2016 2017 2022F
Source: NBM & CW, Mahindra Website, Indian Construction Manufacturers’ Association
Note: F – Forecast
 With infrastructure investment set to go up, demand for construction
equipment will rise further.
 In 2017, about 78,109 units of construction equipment were sold
which set a new record for India.
 By FY20, construction equipment industry’s revenue is estimated to
reach to US$ 7 billion.
 By 2022, construction equipment sales are forecasted to reach
100,000 units.
 Key players:
• Universal Construction Machinery & Equipment.
• Volvo Construction Equipment India.
• ACE Construction Equipment.
• L&T Construction Equipment.
• Triton Valves.
Visakhapatnam port traffic (million tonnes)Total number of construction equipment units sold
ROBUST INDIAN CONSTRUCTION EQUIPMENTS
10. For updated information, please visit www.ibef.orgRoads10
RISING DEVELOPMENT OF NATIONAL HIGHWAYS
Source: Media sources, Aranca Research
Note: NHAI: National Highways Authority of India.
Year Project description
Total length
(Kms)
Cost (US$ Company
March 2018 4 laning on NH-161, Kandi to Ramsanpalle 39.98 km 185.61 GKC Projects
March 2018
4 laning of on NH-161 from Ramsanpalle
village to Mangloor village
46.60 km 189.42 KNR Constructions
March 2018
4 laning on NH-161 from Mangloor village to
Telangana /Maharashtra Border
48.96 km 167.23 Dilip Buildcon
March 2018
4 laning on NH-363 Repallewada to
Telangana /Maharashtra Border
52.60 km 152.68 GKC Projects Limited
March 2018 4 laning on Ramdas to Gurdaspur 47.492 km 23.09
Inderjit Mehta
Constructions Pvt Ltd
(JV)
March 2018 Highway projects in Tamil Nadu - 199.95
Oriental Structural
Engineers
March 2018
Widening the Bangalore-Mysore section of
NH-275 in Karnataka
- 959.65 Dilip Buildcon Ltd
March 2018
Development of 8 lane Expressway NH-248
BB
- 161.72
M/s Larsen and Tubro
Ltd
March 2018 4 laning project 53.3 km 176.88 Adani Group
 Following projects were awarded by the NHAI
11. For updated information, please visit www.ibef.orgRoads11
SPECIAL ACCELERATED ROAD DEVELOPMENT
PROGRAMME FOR THE NORTH EAST REGION
Source: NHAI, MoRTH Annual Report 2017-18, PPP in India, Aranca Research
 The Special Accelerated Road Development Programme for the North Eastern region (SARDP-NE) is aimed at developing road connectivity
between remote areas in the North East with state capitals and district headquarters.
 Implementation of the road development programme would facilitate connectivity of 88 district headquarters in North Eastern states to the nearest
National Highways.
 The Government of India plans to invest Rs 1.45 lakh crore (US$ 22.40 billion) towards road infrastructure in North-East region between 2018-
2020.
 In April 2018, the Ministry of Road Transport and Highways approved Bharatmala Pariyojana Phase-I which includes improvement of 3,528 km
road in North East region from 2017-18 to 2021-22.
 In December 2017, Mr Narendra Modi, Prime Minister of India, announced investment of Rs 60,000 crore (US$ 9.33 billion) under SARDP
between 2018-2020.
 The details of various development and maintenance works under-taken in the North-East region are mentioned below:
Project description Total length (Kms)
Length under NHDP Phase - III 110
Length of National Highways, State Roads under SARDP-NE are divided in 2 phases:
(i) Phase A 4,099
(ii) Phase B (approved for DPR preparation only) 3,723
Arunachal Pradesh Package of Roads and Highways 2,319
12. For updated information, please visit www.ibef.orgRoads12
LEFT WING EXTREMISM (LWE) PROGRAMME
Source: NHAI, MoRTH, PPP in India, Aranca Research, Media Sorces
 The government approved a Road Requirement Plan (RRP) for the development of 1,126 kms of National Highways and 4,351 kms of state roads
in Left Wing Extremism (LWE) affected districts.
 The project would be vested with the Ministry of Road Transport and Highways (MoRTH).
 The project has been implemented in Andhra Pradesh, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and Uttar
Pradesh.
 In FY17-18 allocation of Rs 700 crore (US$ 108.61 million) has been made under the Road Requirement Plan.
 As of March 2018, 4,537 km of 5,422 km roads had been constructed under the Road Requirement Plan Phase-I (RRP) in the most difficult areas.
At the same time, 5,412 kms of roads had been approved under RRP-II.
 In March 2018, the Government of India approved road connectivity project scheme of Rs 11,725 crore (US$ 1.82 billion) for construction of 5,412
km roads and 126 bridges/culverts which will be implemented by MoRD in 44 LWE affected districts.
 Under the Union Budget 2018-19, Rs. 2,881.80 crore (US$ 445.13 million) were allocated towards roads construction in the LWE areas.
Note: MoRD - Ministry of Rural Development
13. For updated information, please visit www.ibef.orgRoads13
48.40%
51.60% Roads and Bridges
Others
Source: MoRTH, Aranca Research, Department of Economic Affairs
Total PPP projects in India (August 2018)
369
464
470
877
2677
6144
6067
1116
742
873
422
209
0
1000
2000
3000
4000
5000
6000
7000
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY15
FY16
FY17
FY18
Projects awarded to BOT private players (in Kms)
GROWTH IN PRIVATE PARTICIPATION
 As of August 2018, there were 1,529 PPP projects in India, of which 740 were related to roads and bridges.
 Project awarded under BOT is 17.29 per cent of the total awarded projects as of May 2018.*
 During FY18, projects of about 209 kms were awarded to BOT players by NHAI.
Note: * - as per the latest data available
14. For updated information, please visit www.ibef.orgRoads14
PRIVATE PLAYERS GAINING TRACTION IN THE
ROADS SECTOR
Source: Aranca Research
Major
private
sector
players
 Until 2005, the road construction market was dominated by public sector companies.
 With the emergence of private players over the last decade, the road construction market has become fragmented and competitive; players
bidding for projects also vary in terms of size.
Notes: NH – National Highway
Major projects: Mumbai–Pune BOT Project, Pune–Nashik BOT Project, Bharuch–Surat BOT Project,
Thane–Bhiwandi by-pass 4 Lane Project, Thane Ghodbunder BOT Project, Ahmedabad–Baroda NH-
8, 6 laning of Agra - Etawah bypass.
Major projects: North Karnataka Expressway, West Gujarat Expressway, Noida Toll Bridge,
Ahmedabad - Mehsana Toll Road, East Coast Road, Kotakatta Kurnool Road Project, East Coast
Road, Hazaribagh Ranchi Expressway Ltd, Karnataka Toll Bridges.
Major projects: NH6 Dhankuni to Kharagpur, Sambalpur Baragarh, NH4 Belgaum Dharwad, NH-3
Pimpalgaon – Nashik – Gonde Road (JV with L&T), Jaora – Nayagaon Road, Chennai Outer Ring
Road, Modhul – Nippani Road, Indore Edalabad Road, Wainganga Bridge, Ahmednagar Aurangabad
Road.
Major projects: Bandra–Worli Sea Link, Badarpur Elevated Highway Project, Delhi Faridabad
Elevated Expressway, Breakwater construction for new port at Ennore, Chennai, New Railway Line
Project from Jiribam – Tupul.
Major projects: Tuni–Ankapalli Highway, Tambaram–Tindivanam Highway, Ambala–Chandigarh
Highway.
16. For updated information, please visit www.ibef.orgRoads16
STRONG DEMAND AND POLICY SUPPORT DRIVING
INVESTMENTS
Source: Make in India, Aranca Research
Rise in 2 and 4 wheeler vehicles.
Increasing freight traffic.
Strong trade and tourist flows
between states.
Growing demand
Greater government focus on
infrastructure.
Standardised processes for
bidding and tolling; clear policy
framework.
Tax sops, FDI, FII
encouragement.
Policy support
NHAI implementing one of the
largest road projects.
Rising private sector
participation.
Strong projected demand making
returns attractive.
Increasing investments
Inviting
Resultingin
17. For updated information, please visit www.ibef.orgRoads17
Source: SIAM, Aranca Research
Trends in commercial vehicle Production (in ’000)
567
760.7
929.1
832.6
699
698.3
782.8
810.28
894.55
0
200
400
600
800
1,000
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
CAGR 5.87%
RISING TRADE, VEHICULAR PRODUCTION
 Growing domestic trade flows have led to a rise in commercial
vehicles and freight movement; supported by rise in production of
commercial vehicles to 894,551 in 2017-18 from 567,000 in 2009-
10 at a CAGR of 5.87 per cent.
 Road’s traffic share of the total traffic in India has grown from 13.8
per cent to 65 per cent in freight traffic and from 32 per cent to 90
per cent in passenger traffic over 1951–2017.
 Higher individual discretionary spending has led to increased
spending on cars, motorbikes and scooters;
• Domestic sales of passenger vehicles increased at a CAGR of
4.26 per cent during FY12-18 and reached 3.29 million during
FY18 from 26,65,015 in FY13.
• Domestic sales of commercial vehicles in the country increased
at a CAGR of 1.56 per cent in FY12-18, with the number
reaching 856,453 during FY18 from 7,93,211 in FY13.
18. For updated information, please visit www.ibef.orgRoads18
POLICY INITIATIVES IN THE RIGHT DIRECTION … (1/2)
Source: News Articles, Union Budget 2018-19, Aranca Research
Rural Development
Taxes and other sops
 The Prime Minister’s Gram Sadak Yojana (PMGSY) is a scheme for development of rural roads in India. The
Government of India has succeeded in providing road connectivity to 85 per cent of the 178,184 eligible rural
habitations and all villages are expected to be connected through a road network by 2019. Total length of
roads constructed were 47,447 km in 2017-18.
 In April 2018, the Government of India signed a US$ 210 million deal with World Bank to improve rural roads
at a stretch of 10,510 km in Madhya Pradesh under the Gram Sadak Yojana programme.
 In May 2018, the Government of India signed US$ 500 million loan agreement with World Bank to provide
additional funding for construction of 7,000 km climate resilient roads out of which 3,500 km will be built using
green technologies under Pradhan Mantri Gram Sadak Yojna (PMGDY).
 Under the Union Budget 2018-19, Government of India allocated an investment of Rs 19,000 crore (US$ 2.93
billion) for the Pradhan Mantri Gram Sadak Yojana (PMGSY).
 The Government of India will spend around Rs 1 lakh crore (US$ 15.26 billion) during FY18-20 to build roads
in the country under Pradhan Mantri Gram Sadak Yojana (PMGSY).
 Companies enjoy 100 per cent tax exemption in road projects for 5 years and 30 per cent relief over the next
5 years.
 Companies have been granted a capital of up to 40 per cent of the total project cost to enhance viability.
Encouragement of
Infrastructure Debt Funds
(IDFs)
 Government of India has set up the India Infrastructure Finance Company (IIFCL) to provide long-term funding for
infrastructure projects.
 Interest payments on External Commercial Borrowings for infrastructure are now subject to a lower withholding tax of 5
per cent vis-Ã -vis 20 per cent earlier.
 IDF income is exempt from income tax.
 In May 2018, IIFCL Mutual Fund launched infrastructure debt fund (IDF) scheme with Corporation Bank, Oriental Bank of
Commerce & IIFCL as investors and Canara bank & HUDCO as strategic investors.
19. For updated information, please visit www.ibef.orgRoads19
POLICY INITIATIVES IN THE RIGHT DIRECTION … (2/2)
Issue of tax-free infrastructure
bonds
 Infrastructure finance companies, such as India Infrastructure Finance Corporation (IIFCL), National Highways Authority
of India (NHAI), Housing and Urban Development Corp (HUDCO), Power Finance Corporation (PFC) and India Railway
Finance Corporation (IRFC), have been permitted to issue tax-free bonds for a total value of US$ 3.27 billion for FY15;
promotion of infrastructure debt funds is the top agenda.
Central Road Fund (CRF)
 The Central Road Fund (CRF) assists the state government and union territories in the development of state roads.
 The Central Road Fund (Amendment) Bill, 2017 has been passed by the Lok Sabha, Government of India which would
result in revenues of Rs 2,300 crore (US$ 358.7 million) for national waterways in the country.
Investment in roads and other
infrastructure
 Existing excise duty on petrol and diesel has been changed to road cess to the extent of INR 4 per litre to fund
investment in roads and other infrastructure.
 In Union Budget 2018-19, the government provided an outlay of Rs 1.21 lakh crore (US$ 18.69 billion) for the road
sector.
 The total amount of investments in road construction till December 2017 were Rs 73,845 crore (US$ 11.46 billion) under
Public-Private Partnership (PPP).
Goods and Services Tax
(GST)
 The GST on construction equipment has been reduced to 18 per cent from 28 per cent, which is expected to give a
boost to infrastructure development in the country.
Value Engineering
Programme
 The Ministry of Road Transport and Highways, Government of India plans to implement 'Value Engineering
Programme' in order to promote use of new technologies and material in highway projects being executed in
India.
Bharatmala project
 In July 2018, the Government of India awarded 6,320 km projects worth Rs 1.44 trillion (US$ 21.48 billion) under the
Bharatmala project Phase-I.
20. For updated information, please visit www.ibef.orgRoads20
BUDGETARY OUTLAY FOR ROADS
Source: Respective Union Budgets, Aranca Research
 Roadways has been the key focus area for budget allocations over
the years.
 As per Union Budget 2018-19, the government provided an outlay of
Rs 1.21 lakh crore (US$ 18.69 billion) for the road sector.
 Between FY09 and FY19, budget outlay for road transport and
highways increased at a robust CAGR of 20.91 per cent.
Visakhapatnam port traffic (million tonnes)
Outlay for roads under the respective Union Budgets
(US$ billion)
2.80
3.50
3.20
8.00
7.80
6.60
6.50
7.10
14.50
14.67
18.69
0
2
4
6
8
10
12
14
16
18
20
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19
CAGR 20.91%
21. For updated information, please visit www.ibef.orgRoads21
FUTURE PROSPECTS REMAIN BRIGHT FOR THE
ROAD SECTOR … (1/2)
 National Highway Development Project (NHDP) is a 7 phase project
amounting to US$ 60 billion. The projects aims to widening, up-
gradation and rehabilitation of 47,054 kilometres of national
highways.
 In FY18, NHAI awarded 150 road projects covering 7,400 kilometres
worth Rs 1,220 billion (US$ 18.93 billion).
 The Government of India has decided to invest Rs 7 trillion (US$
107.82 billion) for construction of new roads and highways over the
next five years.
 The Ministry of Road Transport and Highways has fixed a target for
construction of 10,000 km national highways in FY19.
Visakhapatnam port traffic (million tonnes)Projects awarded (in kilometres)
Visakhapatnam port traffic (million tonnes)
Projects awarded (in kilometres) by NHDP as of
31st December 2017
6,491
1,165 1,435
5,000
6,397
4,335
7,400
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
FY12 FY13 FY14 FY15 FY16 FY17 FY18
7,522
6,647
12,125
20,000
6,500
1,000
700
0
5,000
10,000
15,000
20,000
25,000
NHDP I NHDP II NHDP III NHDP IV NHDP V NHDP VI NHDP
VII
Source: NHAI, MoRTH Annual Report 2017-18
22. For updated information, please visit www.ibef.orgRoads22
PRIVATE FUNDING BEING ENCOURAGED TO REDUCE
FINANCE CONSTRAINTS
Source: DIPP, Aranca Research
 Cumulative FDI in construction development^ since April 2000
stood at US$ 24.87 billion as of June 2018.
 MAIF 2 became the first largest foreign investment in Indian roads
sector under toll-operate-transfer (TOT) mode worth Rs 9,681.5
crore (US$ 1.50 billion).
FDI^ Inflows (US$ billion)
Note: ^ - FDI in construction development Includes: Townships, housing, built-up infrastructure and construction-development projects, * - till June 2018
1.12
2.25
10.65
1.23
0.76
0.11 0.11 0.54 0.04
9.18
11.43
22.08
23.31
24.07 24.18 24.29
24.83 24.87
5
8
11
14
17
20
23
26
29
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
Annual FDI Inflow
Cumulative from April 2000 – June 2018
24. For updated information, please visit www.ibef.orgRoads24
INDUSTRY ASSOCIATIONS
Transport Bhavan
1, Parliament Street
New Delhi –110001
Phone: 91-11-23719097, 23719955
E-mail: ifcmost@nic.in
Ministry of Roads Transport and Highways
G 5 and 6, Sector 10, Dwarka
New Delhi – 110 075
Phone: 91-11-25074100, 25074200
Fax: 91-11-25093507, 25093514
National Highway Authority of India
Sector 6, (Near RBI Quarters), RK Puram, New Delhi – 110022
Phone: 91-11-26185303
Secretariat: 91-11-26716778, 26183669, 26185273, 26185315,
26185319
Fax: 91-11-26183669
E-mail: secretarygen@irc.org.in
Indian Roads Congress
26. For updated information, please visit www.ibef.orgRoads26
GLOSSARY
 BOT: Build Operate Transfer
 CAGR: Compound Annual Growth Rate
 EPC: Engineering, Procurement and Construction
 FDI: Foreign Direct Investment
 FY: Indian Financial Year (April to March) – So FY10 implies April 2009 to March 2010
 GOI: Government of India
 INR: Indian Rupee
 LCV: Light Commercial Vehicles
 MoRTH: Ministry of Roads Transport and Highways
 NH: National Highway
 NHAI: National Highway Authority of India
 NHDP: National Highway Development Project
 US$ : US Dollar – Conversion rate used: US$ 1= INR54.43
27. For updated information, please visit www.ibef.orgRoads27
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
28. For updated information, please visit www.ibef.orgRoads28
DISCLAIMER
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