Various reforms initiated by the government to ensure speedy approvals and clearances aided the pace of construction of roads, which improved 40 per cent from an average 4.3 km per day in FY2014-15 to 6 km in FY2015-16 and is likely to reach 11 km by FY2018, says Crisil.
Category: Roads & Highways
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Passenger Vehicle sales set to cross 3 million units this fiscal
Passenger vehicle sales in India are poised to cross the 3 million unit milestone this financial year as new models and compact SUVs serve pent up demand from customers with better disposable incomes in both urban and rural areas.
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Car sales up 21percent in September, Maruti leads the pack
Carmakers recorded a speedy volume growth of 21 per cent (approximately) in September sales, thanks to the stock building exercise at dealerships ahead of the festive season, reports the Business Standard.
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India may become 5th largest car manufacturer
The ongoing strike at Hyundai Motor's South Korea facilities might just push India to the top 5 spot in global car production this year. India ranked sixth in global car production during the first eight months this year producing 2.71 million vehicles, just behind South Korea's 2.71 million vehicles during the same period.
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The Tyre Game
If the off-highway tyre market was a chess game, BKT would be preparing to checkmate the same to claim its place as a global leader. During the ´The Game Changer´ event at Mumbai in September 2016, BKT gave a first-hand look of BKT´s newest facility at Bhuj, in Gujarat.
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Ropeway projects can be implemented rapidly
Doppelmayr and the United Nations Human Settlements Program (UN-Habitat) have recently signed a memorandum of understanding to address global mobility challenges.
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Clearing the Tax Clutter
India has a unique indirect tax landscape for the infrastructure sector. While the sector enjoys a plethora of concessions and exemptions, the very nature of the contracting structure is troubled with a large amount of complexities, more so on the EPC contracting side.
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Petrol consumption to grow 6percent in FY 2017-18
India´s petroleum consumption will grow at 6 per cent in financial year (FY) 2017-18, double the rate at which fuel demand in China is projected to grow, according to Moody´s Investors Service.
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Gadkari launches 12 Punjab National Highway projects
Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs.10,596.19 crore at Ropar, Samrala and Jalandhar in the state.
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State transport firms boost bus sales
The Mint newspaper reports that over the past three months, India´s top three bus makers, Ashok Leyland, Tata Motors and VE Commercial Vehicles, have received orders for supplying 10,600 total units from various state transport undertakings.