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Will the Road construction target be achieved in 2023-24?

The road sector is suffering from immobility! Surprised?

Bharat Road Network, Cube Highways sign deal for sale of 126-km road project in UP

BRNL along with its partners inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on National Highway 34

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

Technology Meets Opportunity

Rs 1.2 trillion investment in roads and highways; extension of 3.17 lakh km of rural roads; 35,000 km highway construction under Bharatmala Pariyojana scheme- it seems that there is a lot slated to happen in the coming years in rural roads and highways.

More engines of growth needed

Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.

Road 2 recovery

Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.

Staying close to our customers is our priority.

We have a very strong research and development team that is striving to provide break?through technologies on our equipment. Our focus is now on providing solutions to our customers to keep the operating costs at the minimum level. I will consider this as our value for money proposition in hard times, says Viraj Parthi, India Country Leader

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