The per capita consumption of steel in India is only 70 kg while in China and some other countries it is much higher.

In an interaction with INFRASTRUCTURE TODAY, Devendra Kumar Sharma, Business Unit Head, Roads, Bridges & Ports, Tata Projects Ltd, highlights the things that would help achieve the government's ambitious road capacity addition target.

The year 2020 has begun on a high note for the steel industry as green shoots of a revival become increasingly visible. With an increased infrastructure spend from the government and automobile industry gaining momentum, the steel industry is likely to regain traction.

Just as 2019 drew to a close, the Central Government unveiled the Rs 102-trillion National Infrastructure Pipeline (NIP) to boost annual investment in the sector.

Meanwhile, after coming to power in 2014, though the National Democratic Alliance (NDA) understood the enormity of the problem it decided to make do with engineering, procurement, construction (EPC) as a stop-gap measure.

While the waterfront of a port is difficult to alter, mechanisation of terminals can be done easily, and is central to turnaround strategies, says Jagannarayan Padmanabhan, Practise Leader & Director, Transport & Logistics, CRISIL Infrastructure Advisory.

Multimode transport is yet to be a reality in India. There are no dedicated corridors that connect ports with Indian rail or inland waterways.

The formation of a robust cross-border framework in the South Asia region is expected to bring down the cost of electricity and allow India to achieve the flexibility to regulate the intermittency of power generated by its wind and solar farms.

To achieve the GDP of $5 trillion by 2024-25, India needs to spend about Rs 140 trillion on infrastructure over the next five years.