The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies (GDP Growth Policies, Creation of Jobs, Pushing Liquidity in market are few of them), that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, #bridges, #dams, #roads, and #urban infrastructure #development.
Being a manufacturer & solution provider, Infrastructure development has been one of the primary focus areas for us at Shri Sai Eco Solutions (SSES) as our vision is to ensure sustainable growth with societal consciousness in all aspects of our work.
Let me talk about Roads & Highways as this is one of the sectors we have a great focus on and personally interests me for various reasons. Road transport is one of the most cost-effective and convenient modes of transportation in India, both for freight and passengers as it has a high penetration level with door-to-door delivery. The importance of road infrastructure is widely recognized as a potent means of socio-economic integration and is vital for the economic development of the country. This development is also vital to #Defence/ #Military Establishment in terms of quick accessibility & efficient movement of goods to border areas through different modes, assisting just-in-time inventory management.
The Government plans to expand national highways by 25,000 km during 2022- 23, boosting it by one-fifth of the total of 136,440 km. PM ‘Gati Shakti’ Master Plan for Expressways will be formulated in 2022-23 to facilitate faster movement of people and goods. Budget for Road Transport & Highways for FY 22-23 is 199 thousand crores compare to 118 thousand crores during FY 21-22 which shows government intent of pushing GDP growth through investment in Road Infrastructure.
The aim is to improve connectivity and convenience for commuters, besides promoting tourism. Moreover, the government targets to provide connectivity to all the economic nodes in the country.
Talking about data–The road network in India has increased substantially in the current fiscal compared to previous years, as per the survey. There has been a consistent increase in the construction of National Highways/roads since 2013-14 with 13,327 km of roads constructed in 2020-21 as compared to 10,237 km in 2019-20, indicating an increase of 30.2 per cent over the previous year.
Talking about different departments-In the 75th Year of India’s Independence, with sustained focus on infrastructure development the Government of India in its Union Budget for FY 2022-23 has increased the capital outlay for the Border Roads Organization (#BRO), by a record 40 percent. The BRO with its persistent commitment to enhancing connectivity to far-flung remote areas, irrespective of the terrain and weather conditions, is not just contributing to enhanced operational preparedness but making a very significant contribution towards socio-economic integration and development of the regions.
It will also contribute significantly towards the overall economic growth of remote border areas specially in UT of #Ladakh, #J&K and the states of #Uttarakhand, #Arunachal Pradesh and #Sikkim.
#NHAI, which is primarily responsible for development of national highways and expressways across the country will also be involved in providing multiple connectivity to economic centres, such as Mumbai, or Nasik or Delhi or Varanasi and places where a large number of commuters are there, large segments of goods, transport originate, and find its destination.
It’s a bit too early to tell how this change will impact, but will come up with new updates soon.
In the meanwhile, if you have any infrastructure/roads/highways related inputs, share them with us in the comment section.