Economic Highways To Prosperity

India Fast Expanding The National Roads Network

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India Fast Expanding The National Roads Network

Heaven Mail Global Bureau

Roads are the economy highways of a country. Without roads progress of country is not possible.
Roads make a crucial contribution to economic development and growth and bring important social benefits. They are of vital importance in order to make a nation grow and develop. In addition, providing access to employment, social, health and education services makes a road network crucial in fighting against poverty. Roads open up more areas and stimulate economic and social development. For those reasons, road infrastructure is the most important of all public assets.

India Marching Ahead

India is achieving golden standards in road network. From mega Highways to fast connecting routes the country is witnessing fast progress in road network. Even to the remote and border areas world class roads are being built.
Before the end of 2024, road infrastructure will be equal to the standard of the USA, said Union Minister of Road Transport and Highways Nitin Gadkari on Friday.
Addressing the 95th FICCI Annual convention here, the minister said that “We are making the World Standard Road infrastructure in the country and promising you that before the end of 24, our road infrastructure will be equal to the standard of the USA, American standards.”
Addressing the issue of logistics cost he said that it is an effort to take up to 9 per cent by the end of 2024.
Our logistics cost is a big problem. Presently, it comes to 16 per cent, but I am promising you that up to the end of 24, we will take it to the single digit, up to 9 per cent”, he added.

Minimising The Use Of Steel

Talking about the construction industry which consumes 40 per cent of Global resources, the Minister said that we are trying to minimize the use of steel in construction work by adopting substitutes.
We know that the construction industry not only contributes significantly to environmental pollution but also conserves 40 per cent of Global materials and resources. We focus on reducing the cost of resources and improving the quality of construction. As we are aware that cement and steel are the major components for construction, so we are trying to minimize the use of steel in construction work by trying to adopt substitutes”, said the Minister.

Green Hydrogen

Stressing the fact that India is in an excellent position to shape itself as an energy exporter, the minister said that in near future, green hydrogen will be a source of energy.
Green hydrogen is the fuel for the future. India is in an excellent position to shape itself as an energy exporter and this can only be possible due to the potential of green hydrogen in India.
In near future, green hydrogen will be a source of energy in the aviation, railway, road transport, chemical and fertilizer industries. India’s potential to become a global manufacturing hub and exporter of green hydrogen in near future. Sustainability is also increasingly recognized as an important part of the construction industry”, he said.
We need to bear in mind that Focussing on road maintenance will bring widespread benefits by not only preserving current assets, but also lowering future costs for citizens, road users, taxpayers and road owners. This would prevent these assets from depreciating in value, provided that timely investment is carried out in time.
India is witnessing huge progress in terms of development of road network.

India’s Road Network Growth

India’s road network growth is witnessing a transformation in its speed and scale of development. This embodies Prime Minister Narendra Modi’s vision of Speed and Scale of progress. It encompasses national highways, State highways, and rural roads.
The government aims to construct 100 km of roads per day over the next two years. The budgetary disbursement has increased from INR 33,414 crores (Financial Year 2015) to INR 1,83,101 crores (Financial Year 2022).
Roads and infrastructure construction are pivotal to India’s growth story.
In Telangana alone, The Centre has decided to accord top priority to road infrastructure development in the State with the National Highways Authority of India (NHAI) planning to spend a whopping Rs 76,000 crore to expand the road network in the next few years.
According to the data from official sources, as many as 23 national highway (NH) projects are set to be taken up. Believe it or not, the budget for construction of the national highways for a length of 1,517 km is around Rs 47,516 crore. They would be taken up in phases.
On the other hand in entire India, the Highways are making path breaking progress. The Indian road network is on track to reach world-class standards with widescale expansions and makeovers. Highways are the most integral aspect of a country’s functioning, connecting people, goods, and other raw materials.
Bank of America Securities India report states that the country will witness development at an accelerated pace in the coming years. The report also said that the total length of national highways in the country is expected to reach 112,000 miles.
Without a doubt India is becoming global leader in road network.

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