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NHAI yesterday has shared its plan to construct 50,000 KM of road network in the next five to six years with an investment potential of nearly USD 250 billion (about Rs 17 lakh crore). The announcement was made yesterday by NHAI Chairman Raghav Chandra during the Make in India event.
The announcement comes in as a breath of fresh air as the construction equipment industry is looking for a booster to get revived in the country. Chndra also demanded the assistance of private sector to help the body in achieving their goal which means the project will be come in as a joint venture between the government & private sector. He said “We want the private sector to partner us to achieve this target. It is a stupendous job and private partnership is critical. We want private sector assistance not only for funding but also to bring in new technology and innovation in design and also their competency in management of these roads”
Various initiatives by the new government are helping revive the used construction equipment industry like the Make in India initiatives, identifying & construction of new highway roads. Currently there are nearly 14-15 projects where there are still some differences and we are confident of resolving them or take some decision where we can help them in any possible way.
With the above initiatives the construction equipment market is set to receive the required boost which it was waiting for, at the same time the used construction equipment market will also increase substantially. Construction business owner will be looking at acquiring used equipment so as to make the remaining investment in the business fruitfully.
Now, you don't have to wait so long to buy used construction equipment, simply visit Shriram Automall & inspect from a wide range to choose the best one for your business.
You can also submit your requirement here to get a call back!!
The announcement comes in as a breath of fresh air as the construction equipment industry is looking for a booster to get revived in the country. Chndra also demanded the assistance of private sector to help the body in achieving their goal which means the project will be come in as a joint venture between the government & private sector. He said “We want the private sector to partner us to achieve this target. It is a stupendous job and private partnership is critical. We want private sector assistance not only for funding but also to bring in new technology and innovation in design and also their competency in management of these roads”
(Image Source: cleanemissions.com)
Various initiatives by the new government are helping revive the used construction equipment industry like the Make in India initiatives, identifying & construction of new highway roads. Currently there are nearly 14-15 projects where there are still some differences and we are confident of resolving them or take some decision where we can help them in any possible way.
With the above initiatives the construction equipment market is set to receive the required boost which it was waiting for, at the same time the used construction equipment market will also increase substantially. Construction business owner will be looking at acquiring used equipment so as to make the remaining investment in the business fruitfully.
You can also submit your requirement here to get a call back!!
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