Can the Road Transport and Highways Ministry’s annual revenue hit Rs 1.4 lakh crore in two years?
 
                                    
                                    
                                    
                                Synopsis
Key Takeaways
- Projected revenue growth: From Rs 55,000 crore to Rs 1.4 lakh crore within two years.
- Focus on people-centric infrastructure: Ensuring comfort and convenience for citizens.
- Sustainable initiatives: Utilizing plastic waste and treated water in construction.
- Enhanced connectivity: Upgrading 25,000 km of highways and linking ports with national highways.
- Strong economic impact: Every rupee invested yields three rupees in economic growth.
New Delhi, Oct 28 (NationPress) The annual revenue of the Ministry of Road Transport and Highways, which stands at Rs 55,000 crore currently, is anticipated to soar to Rs 1.4 lakh crore within a span of two years. This projection highlights the significant growth potential within the sector, as stated by Union Minister Nitin Gadkari on Tuesday.
He emphasized three fundamental pillars for the future of infrastructure: People, Prosperity, and Planning.
"Infrastructure must prioritize the needs of the people, ensuring comfort and convenience for citizens. In support of this vision, 670 roadside amenities have been established throughout the nation," Gadkari remarked while addressing the CII National Conference on "Future of Smart Roads – Safety, Sustainability, and Resilience".
He further elaborated that under the leadership of Prime Minister Narendra Modi, who aims to transform India into a five-trillion-dollar economy by 2027, the advancement of world-class infrastructure will be crucial.
Gadkari noted that the road and transport sector is ripe with opportunities for economic growth, investment, and job creation across the nation.
He mentioned that a comprehensive infrastructure plan for 2027 was discussed in the Cabinet, which includes sustainable measures such as using 80 lakh tonnes of segregated plastic waste for road construction and repurposing treated water from purification plants.
"Efforts are underway to upgrade 25,000 kilometres of two-lane highways to four lanes, while a Rs 2 lakh crore port connectivity initiative aims to connect all major ports with national highways," he stated, adding that enhanced road connectivity is fostering religious tourism and adventure sports across various regions.
He highlighted that for every rupee spent on infrastructure, there is a return of three rupees in economic growth, showcasing its robust multiplier effect.
Gadkari underscored the sector's economic importance, noting that 80 percent of goods traffic in India is transported by road, compared to 1 percent by air and 18 percent through other means. With better road infrastructure, logistics and fuel expenses are projected to decrease to single-digit figures.
 
                         
                                             
                                             
                                             
                                             
                             
                             
                             
                            