India’s transport sector budget to fall by 18% in 2014/2015

The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
February 19, 2014 Read time: 1 min
The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
Highway & Network Management

Related Content

  • Growth for Intertraffic India 2013
    February 28, 2013
    The organisers of Intertraffic India 2013 expect substantial growth both in exhibitors and attendees over the previous event, held in 2011. Intertraffic India was launched in 2011 with 85 exhibitors, of which 60% were international firms and the show attracted 3,000 visitors. But with strong growth in India’s infrastructure sector, higher exhibitor and attendee levels are predicted for 2013. The event will be further boosted by its link with the IRF through its Regional Conference, which is being run in par
    Read More
  • India’s ambitious road development programme
    November 3, 2017
    India is setting out ambitious plans to further develop its infrastructure, with a renewed focus on the north east of the country. A budget of US$22.35 billion has been set out by the Indian Government for infrastructure projects, for which highway construction will play a major part. The states in line for this infrastructure development are: Arunachal, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Pradesh and Sikkim. Details of the individual projects being planned have yet to be released however.
    Read More
  • IL&FS to widen Patna-Gaya-Dobhi road in India’s Bihar state
    October 16, 2014
    The National Highways Authority of India (NHAI) has awarded a highway widening contract worth US$202 million (INR 12.32 billion) to IL&FS Engineering and Construction Company. IL&FS will widen to four lanes 127km of the Patna-Gaya-Dobhi section of NH-83 in the north eastern Indian state of Bihar. The project is due for completion in three years and it will be undertaken under the Official Development Assistance Loans programme of the Japan International Cooperation Agency (JICA).
    Read More
  • Comer Industries sees nearly a 10% drop in sales for full year 2015
    February 22, 2016
    Year end results for Comer Industries showed revenue down at €327 million, a 9.4% dip from €361 million for fiscal year 2014. However, the company reported that excluding the sale of the electric wheel product line in January last year, the revenue drop would have been 5%. Comer Industries is based in Reggiolo, Italy and has around 1,240 employees. It designs and manufactures advanced engineering systems and mechatronic solutions for power transmission for major producers of agricultural and industrial ma
    Read More

Highlighted Content