What is the market for roadway and highway sector in india

Question

Accepted Answer

The market for roadway and highway sector in India is growing rapidly due to increasing infrastructure development.

India has one of the largest road networks in the world, with over 5.8 million kilometers of roads.
The government of India has been investing heavily in the development of road infrastructure, including the construction of new highways and the expansion of existing ones.
The National Highways Authority of India (NHAI) is responsible for the development, maintenance, and management of national highways in the country.
The market for roadway and highway sector in India includes various segments such as construction, toll collection, maintenance, and operation.
Private sector participation is also increasing in the development of road projects through public-private partnerships (PPPs).
The implementation of initiatives like the Bharatmala Pariyojana, which aims to develop 66,100 kilometers of economic corridors, feeder routes, and inter-corridor routes, further boosts the market.
The market is expected to witness significant growth in the coming years, driven by the need for better connectivity, urbanization, and economic development.
Major players in the market include Larsen & Toubro, IRB Infrastructure, Ashoka Buildcon, and Sadbhav Engineering.

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