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

  • Bihar crossing for Ganges River
    November 16, 2016
    A loan facility from the Asian Development Bank (ADB) will help fund work on the project to construct a new bridge over the River Ganges in India’s Bihar State. Because of the width of the river at this point, the bridge will be close to 10km in length, making it the longest in India. The new bridge will improve transport connections between the north and south of the state and the project is expected to cost around US$500 million. Building the bridge will help develop transport and trade in the area, as we
    Read More
  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Strong Q2 profit for Wacker Neuson in 2014
    August 5, 2014
    Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.
    Read More

Highlighted Content