The document provides an overview of the roads sector in India. It mentions that India has one of the largest road networks in the world spanning over 5.5 million km. The government has allocated Rs 1.12 trillion in the 2019-20 budget for road development. Private sector involvement is growing with investment of US$ 31 billion expected in national highways projects by 2020. Construction of national highways is also rising rapidly with the target to complete 200,000 km of national highways by 2022.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
hi , in this document i have provided all the details about the foreign direct investment details in tamilnadu, the statistics of investment , and the proper guidance for the buisness man from us or europe who want to invest in the tamilnadu state of india.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
hi , in this document i have provided all the details about the foreign direct investment details in tamilnadu, the statistics of investment , and the proper guidance for the buisness man from us or europe who want to invest in the tamilnadu state of india.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
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.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
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.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
when will pi network coin be available on crypto exchange.DOT TECH
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
what is the future of Pi Network currency.DOT TECH
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.
2. Table of Content
Executive Summary……………………….3
Advantage India…………………..….…....4
Market Overview …………………….…….6
Growth Drivers……………………...........14
Key Industry Associations.......……....….22
Useful Information……….........…………24
3. For updated information, please visit www.ibef.orgRoads3
EXECUTIVE SUMMARY
Source: MoRTH Annual Report 2015–16, NHAI, Make in India, Aranca Research, CARE Ratings
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.
The 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 has second 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
Under the Union Budget 2019-20, the Government of India has allocated Rs 1.12 trillion (US$ 15.48 billion) under the
Ministry of Road Transport and Highways.
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 for national highways is expected in PPP by 2020.
Rapid growth in national
highways
In FY18, national highway construction hit record of 26.93 km per day. It is forecasted to reach 30-32 km per day in
FY19.
The length of national highways constructed reached 6,715 km at a pace of 24.42 kms per day between April-December
2018.
The Government of India aims to complete 200,000 km national highways by 2022.
In FY18, national highways of 9,829 kms in length were constructed with 20 per cent growth from 8,231 in FY17.
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 production of commercial vehicles at
a CAGR of 5.87 per cent during FY10-18 to
894,551 in FY18, commands stronger road
network in India.
Rise in the number of 2 and 4 wheelers,
increasing traffic supports the growth.
The Government of India has set a target
to complete 300 highways projects by
March 2019.
The Government of India aims to
construct 65,000 km of national highways
at the cost of Rs 5.35 lakh crore (US$
741.51 billion) by 2022.
The Government of India aims to focus on
building world-class expressways in 2019.
Growing participation of the private sector
through Public-Private Partnership (PPP).
As per Union Budget 2019-20, the
Government of India provided an outlay of
Rs 1.12 trillion (US$ 15.48 billion) under
the Ministry of Road Transport and
Highways.
The total amount of investments* are
estimated to reach Rs 1.58 trillion (US$
2.25 billion) in FY19.
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, Ministry of Road Transport and Highways
Note: * - investments include Budgetary support, IEBR refers to Internal and Extra Budgetary Resources and constitutes the resources raised by the public sector units through profits,
loans and equity and Private sector investments
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.
Note: Data expected to be updated by May 2019 from Ministry of Roads Transport & Highways Annual Report 2018-19
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, CAGR till FY18, * - between April-December 2018
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). The
Government of India aims to construct 65,000 km of national
highways at the cost of Rs 5.35 lakh crore (US$ 741.51 billion) by
2022.
The Government of India has set a target for construction of 10,000
km national highway in FY19. During April-December 2018 a total of
length of 6,715 km of national highways were constructed.
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.
As of October 2018, the Municipal Corporation of Greater Mumbai
(MCGM) awarded Mumbai Coastal Road Project worth Rs 21.26
billion (US$ 302.94 million) to Hindustan Construction Company Ltd
(HCC) and Hyundai Development Corporation (HDC) joint venture.
As of August 2018, Government of India has approved highway
projects worth Rs 2 billion (US$ 29.83 million) to improve connectivity
among Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and Diu.
Visakhapatnam port traffic (million tonnes)Highway Construction in India (km)
4,260 4,410
6,061
8,231
9,829
6,715
0
2,000
4,000
6,000
8,000
10,000
12,000
FY14 FY15 FY16 FY17 FY18 FY19*
CAGR 23.25%
9. For updated information, please visit www.ibef.orgRoads9
52,500
49,700
42,600
47889
48883
66613
78,109
99,115
1,10,815
-
20,000
40,000
60,000
80,000
1,00,000
1,20,000
2011 2012 2013 2014 2015 2016 2017 2018F 2022F
Source: NBM & CW, Mahindra Website, Indian Construction Manufacturers’ Association
Note: F – Forecast, actual data is expected to be updated by July 2019 from Off-Highway Research
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. It is projected to increase to
1,10,815 in 2018F.
By FY20, construction equipment industry’s revenue is estimated to
reach to US$ 7 billion.
By 2022F, construction equipment sales are forecasted to reach
110,815 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
Note: data is expected to be updated by June 2019 from Ministry of Road Transport and Highways Annual Report FY19
12. For updated information, please visit www.ibef.orgRoads12
44.03%
55.97%
Roads and Bridges
Others
Source: MoRTH, Aranca Research, Department of Economic Affairs
Total PPP projects in India (as of February 15, 2019)
369
464
470
877
2,677
6,144
6,067
1,116
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 February 15, 2019, there were 1,733 PPP projects in India, of which 763 were related to roads and bridges.
Projects awarded under BOT is 37.48 per cent of the total awarded projects as of February 15, 2019.
During FY18, projects of about 209 kms were awarded to BOT players by NHAI.
Note: PPP - Public-private partnership, BOT - Build–operate–transfer, Projects awarded under BOT data is expected to be updated by March 2019 from Public Private Partnerships in India
data
13. For updated information, please visit www.ibef.orgRoads13
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.
15. For updated information, please visit www.ibef.orgRoads15
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
16. For updated information, please visit www.ibef.orgRoads16
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.
Note: data is expected to be updated by April 2019 from Society of Indian Automobile Manufacturers annual data
17. For updated information, please visit www.ibef.orgRoads17
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 2019-20, the Government of India allocated Rs 19,000 crore (US$ 2.63 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-à-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.
18. For updated information, please visit www.ibef.orgRoads18
POLICY INITIATIVES IN THE RIGHT DIRECTION … (2/2)
Bidder Information
Management System (BIMS)
BIMS is a database that provides information about bidders’ basic details, civil works experience, cash accruals and
network, annual turnover, etc.
This portal will enable objective and transparent evaluation which will accelerate project implementation.
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
Under the Union Budget 2019-20, the government has allocated Rs 1.12 trillion (US$ 15.48 billion) under the Ministry of
Road Transport and Highways.
The total amount of investments* are estimated to reach Rs 1.58 trillion (US$ 2.25 billion) in FY19.
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.
Bhoomi Rashi
The portal accelerates the process of publication of notifications for land acquisition.
It has been useful in reducing the time taken for providing notification regarding approval and publication of
land acquisition.
Bharatmala Pariyojana
Project
A total length of 34,800 km road projects have been proposed to be constructed with an estimated outlay of Rs 5.35
trillion (US$ 74.15 billion), under Bharatmala Pariyojana Phase-I.
As of November 2018, total length of projects awarded was 6,460 kms for a total cost of Rs 1.52 trillion (US$ 21.07
billion) under Bharatmala Pariyojana (including residual NHDP works).
Source: News Articles, Press releases, Ministry of Road Transport and Highways
Note: * - investments include Budgetary support, IEBR refers to Internal and Extra Budgetary Resources and constitutes the resources raised by the public sector units through profits,
loans and equity and Private sector investments
19. For updated information, please visit www.ibef.orgRoads19
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 2019-20, the government provided an outlay of
Rs 1.12 trillion (US$ 15.48 billion) under the Ministry of Road
Transport and Highways.
Between FY09 and FY19, budget outlay for road transport and
highways increased at a robust CAGR of 16.82 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
17.03
12.90
14.22
15.48
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
FY09FY10FY11FY12FY13FY14FY15FY16FY17FY18FY19FY20
CAGR 16.82%
20. For updated information, please visit www.ibef.orgRoads20
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). A total of 892 km and
2,345 km national highway projects were awarded and constructed,
respectively between April – August 2018.
The Ministry of Road Transport and Highways has fixed an overall
target to award 15,000 km projects and construction of 10,000 km
national highways in FY19. A total of about 295 major projects
including bridges and roads are expected to be completed during the
same period.
In the coming years, NHAI’s increased delegation autonomy along
with Bharatmala Pariyojana initiative is expected to enable growth in
awarding momentum.
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
892-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19^
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, Crisil Research
Note: ^ - between April – August 2018, Projects awarded by NHDP data is expected to be updated by June 2019 from Ministry of Road Transport and Highways Annual Report FY19
21. For updated information, please visit www.ibef.orgRoads21
PRIVATE FUNDING BEING ENCOURAGED TO REDUCE
FINANCE CONSTRAINTS
Source: DIPP, Aranca Research
Cumulative FDI in construction development^ since April 2000
stood at US$ 24.99 billion as of September 2018.
Maif 2 Investments India Pvt Ltd 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 September 2018
2.25
10.65
1.23
0.76
0.12 0.10 0.54
0.16
9.18
24.99
5
8
11
14
17
20
23
26
FY01-11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
FY01-19*
23. For updated information, please visit www.ibef.orgRoads23
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
25. For updated information, please visit www.ibef.orgRoads25
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
26. For updated information, please visit www.ibef.orgRoads26
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
Q2 2018-19 70.18
Q3 2018-19 72.15
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
2018 68.36
Source: Reserve Bank of India, Average for the year
27. For updated information, please visit www.ibef.orgRoads27
DISCLAIMER
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This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
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