ROAD INFRASTRUCTURE
MARKET SIZE
- The Ministry of Road Transport & Highways is expected to award road projects with a total length of around 4,500 km worth Rs 50,000 crore (US$ 7.15 billion) in 2020. The Ministry of Road Transport and Highways has fixed a target for construction of 12,000 km national highways in FY20.
- The Government of India has set a target to complete one road projects every two days as a part of 100-day plan. Government plans to invest Rs 15 lakh crore (US$ 214.62 billion) in the next five years.
ROAD AHEAD
- The government, through a series of initiatives, is working on policies to attract significant investor interest. A total of 200,000 km national highways are expected to be completed by 2022.
- To widen and revamp 1.25-lakh km of roads, Government of India has approved the launch of Phase-III of its rural road programme Pradhan Mantri Gram Sadak Yojana (PMGSY).
GDP From Construction in India increased to 2601.70 INR Billion ,
in the fourth quarter of 2019 from 2448.63 INR Billion in the third quarter of 2019.
Highway construction and expansion in India crossed 10,000 kms during 2018-19, which translated to 30 kms a day during the fiscal, and more than doubled from 12 kms a day during 2014-15.
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MINING INFRASTRUCTURE
MARKET SIZE
- The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification and a focus on building renewable energy projects under the National Electricity Policy as well as the rise in infrastructure development.
- Growth in steel production is expected to reach 300 MT by 2030.
ROAD AHEAD
- There is significant scope for new mining capacities in iron ore, bauxite and coal and considerable opportunities for future discoveries of sub- surface deposits.
- Infrastructure projects continue to provide lucrative business opportunities for steel, zinc and aluminium producers. Aluminium production is forecasted to grow to 3.33 million metric tonnes by FY20.
GDP From Mining in India increased to 854.29 INR Billion in the fourth quarter of 2019 from 698.90 INR Billion in the third quarter of 2019.
Mining production in India increased 4.40 percent in January of 2020 over the same month in the previous year.
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Budget 2020 : To augment India's infrastructure and create jobs, the government has launched Rs 103 lakh crore infra projects besides providing about Rs 1.70 lakh crore for transport infrastructure and accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday.
Presenting the Union Budget 2020-21 in Parliament, Sitharaman said focus is on infrastructure for economic development and 6,500 projects across sectors under National Infrastructure Pipeline (NIP) envisions ease of living for citizens.
"In his Independence Day speech 2019, Prime Minister had highlighted that Rs 100 lakh crore would be invested on infrastructure over the next 5 years. As a follow-up measure, I had launched the NIP on December 31, 2019 of Rs 103 lakh crore. It consists of more than 6500 projects across sectors and are classified as per their size and stage of development," she said.
About Rs 22,000 crore has already been provided, as support to Infrastructure Pipeline, she added.
Terming the budget growth-oriented, Road Transport and Highways Minister Nitin Gadkari said it has given a massive boost to investment in infrastructure, which in turn would help revive industrial production and generate employment opportunities, crating more that 2 crore jobs.
These new projects will include housing, safe drinking water, access to clean and affordable energy, health-care, educational institutes, railway stations, airports, bus terminals, metro and railway transportation, logistics and warehousing, irrigation projects, etc.
The National Infrastructure Pipeline envisions improving the ease of living for each individual citizen in the country, she said and added it will bring in generic and sectoral reforms in development, operation and maintenance of these infrastructure projects.
Also she said: "I propose to provide about Rs 1.70 lakh crore for transport Infrastructure in 2020-21."
The FM emphasised that a huge employment opportunity exists for India's youth in construction, operation and maintenance of infrastructure and National Skill Development Agency will give special thrust to infrastructure-focused skill development opportunities.