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

  • India’s US$1.7 billion Mumbai Coastal Highway
    March 18, 2024
    India’s US$1.7 billion Mumbai Coastal Highway inaugurated
    Read More
  • ICEMA: makers of small equipment should consider the Subcontinent
    April 20, 2016
    $14 billion awarded in the national highway sector of which around $4 billion will be for small roads in rural areas. Makers of small construction equipment should take a closer look at the Indian market given the government’s focus on rural roads. During its bauma Forum presentation, Anand Sundaresan, president of the Indian Construction Equipment Manufacturers’ Association (ICEMA), said there is an urgent need for equipment suited to small projects. These include breakers and small pavers of around
    Read More
  • India’s key tunnel project attracts new bidding
    June 5, 2017
    India’s massive Zojila Tunnel project in Jammu & Kashmir is attracting new bidding. The National Highways & Infrastructure Development Corporation (NHIDC) is asking for new bids for the project. A number of Indian and international firms are expected to enter bids, with some planning join ventures for the work, which is expected to cost US$1.55 billion.
    Read More
  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More

Highlighted Content