India's roads and highways sector is a cornerstone of its infrastructure strategy, crucial for economic growth and connectivity. It hosts the world's second-largest road network, spanning over 6.67 Mn kilometres, including 1,46,145 km of national highways and 1,79,535 km of state highways. To attract private investments and drive growth, various innovative financing models, such as the Toll-Operate-Transfer (TOT) and Hybrid Annuity Model (HAM) have been implemented in the country. The adoption of cutting-edge technologies, including digital project management tools and geospatial technologies, has increased project efficiency and precision. Furthermore, India's government prioritizes sustainability by integrating green technologies to minimize environmental impact.
In recent years, the Ministry of Road Transport and Highways (MoRTH) has launched various initiatives to drive the growth of the country's roads and highway sector, such as the Bharatmala Pariyojana, which aims to target the development of 34,800 kilometres of highways with an investment of INR 5.35 lakh Cr to enhance connectivity across economic corridors, border areas, and remote regions. Furthermore, the Pradhan Mantri Gram Sadak Yojana (PMGSY) focuses on enhancing rural connectivity as well as improving access to markets, education, and healthcare. The strategic investments and reforms in the roads and highways sector are set to transform India's infrastructure, drive economic progress, and improve connectivity nationwide.
(Source: https://www.investindia.gov.in/sector/road-highways)