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ABOUT EVENT

Creation and operation of quality road infrastructure continue to be major requirements for enabling overall growth and development of India in a sustained manner. Bridging of existing infrastructure gaps and creating additional facilities to cater to the increasing population are equally important. The road sector in India has witnessed significant progress in the past four to five years. Road building in India has become the second cheapest in Asia & highway construction in the country has increased at 20.57% CAGR during FY14-FY19. India is expected to become the third largest construction market globally in the coming years.

The Roads and Highways sector plays a critical role in the growth of Indian economy as around 64.5 percent of goods are transported via road and nearly 90 percent of passenger traffic uses road network to commute. Creation of road transport infrastructure, through its direct and indirect effects, has a bearing on sustainability of growth and overall development of a country while enhancing efficiency of movement of goods and creating employment opportunities.

A country is as good as its infrastructure. Our Government is acutely aware of this and is continuously working towards upgrading India’s infrastructure. A total capital investment of INR 20 trillion has been planned for the roads and bridges sector for 2020-2025 under the National Infrastructure Pipeline. Also, various key announcements in the recent budget 2021 like: allocating an enhanced outlay of Rs 1.18 lakh crore for the highways sector for 2021-22, execution of flagship highways corridors as well as projects, creation of development financial institution (DFI), etc will further give a boost to roads and highways development in India.

Given the adoption of new models of implementation and the announcement of several big-ticket programmes and initiatives, the outlook for the road sector is positive. Against this backdrop, CII is organizing a National Conference on ‘Road Infrastructure-Creating Demand: Stimulating Growth’ on 25th March 2021, over the Virtual Platform.

Key Objectives:

• To highlight the emerging trends and new opportunities in road development, the impact of road infrastructure on the economy and identify strategies and solutions to fast-track project execution and implementation on the ground

• The conference would bring forth stakeholders' views on the policy framework, issues/challenges and put forward suitable measures for stimulating growth in the roads and highways sector

• Highlight the key initiatives taken by the Government of India to accelerate road infrastructure in the country and the opportunities where the industry could collaborate