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

  • China’s Chonqing mumicpality spending on transport
    January 9, 2015
    In China Chongqing municipality has announced plans to invest close to US$12 billion (74.5 billion RMB) in transportation developments in 2015. Chongqing plans to spend $5.97 billion (37.1 billion RMB) in road construction, including 5,000km of rural roads while three new highways are due for completion in 2015. Other transport investments including spending boosting the rail network in the city by 155km and developing civil aviation.
    Read More
  • Wacker Neuson remains on growth path in Q3
    November 14, 2014
    Wacker Neuson Group reported a significant rise in revenue and profit for the third quarter of 2014 with especially high performance in the Americas and Asia-Pacific. Sales of light and compact equipment were driven primarily by an upturn in business in North America where the Munich-based group is planning its first production line for compact equipment. All regions contributed to revenue growth in the third quarter of 2014. Europe reported a 14% increase while the Americas and Asia-Pacific both saw reve
    Read More
  • China’s Shaanxi province to boost transportation investment by 22%
    July 13, 2015
    China’s northwest province of Shaanxi plans to increase its spending on highways by 22% to nearly US$8.9 billion, according to an official statement. World Highways reported last year that Shaanxi was to spend nearly $5.8 billion in 2014. Of the total, nearly $5.8 billion has been allocated for five highway construction projects totalling 261km. Within 2015, there will be 600km of new highways in the province, raising the total highway length to over 5,000km by the end of 2015. Meanwhile, 11 new
    Read More
  • Czech highway connection finally gets go-ahead
    February 28, 2012
    A long running land dispute in the Czech Republic has finally been settled, which will allow a key road link to be built after years of delay.
    Read More

Highlighted Content