{"id":1284243,"date":"2024-08-11T19:04:42","date_gmt":"2024-08-11T13:34:42","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1284243"},"modified":"2024-08-11T19:05:02","modified_gmt":"2024-08-11T13:35:02","slug":"road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days\/","title":{"rendered":"Road Transport Ministry Will Award Rs 3 Lakh Crore Contracts In 90 Days"},"content":{"rendered":"\n<p>All set with sleeves fold, the Ministry of Road Transport and Highways (MoRTH) is <a href=\"https:\/\/www.logisticsoutlook.com\/road-transport\/morth-to-soon-award-rs-3-lakh-crore-worth-road-contracts-in-3-months?utm_source=inshorts&amp;utm_medium=referral&amp;utm_campaign=fullarticle\">planning<\/a> to award road contracts worth Rs 3 lakh crore within the next three months with the primary goal of improving connectivity as well as reducing the logistics cost.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1-1024x576.jpeg\" alt=\"Road Transport Ministry Will Award Rs 3 Lakh Crore Contracts In 90 Days\" class=\"wp-image-1284253\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>MoRTH to Award \u20b95 Lakh Crore in Road Contracts by Fiscal Year-End, Minister Gadkari Announces<\/strong><\/p>\n\n\n\n<p>It also aims to award contracts worth Rs 5 lakh crore by close of current fiscal year. The announcement was made by the Union Minister for Road Transport &amp; Highways, Nitin Gadkari, at the annual session of the Indian Construction Equipment Manufacturers\u2019 Association.<\/p>\n\n\n\n<p>A total of 95 kms worth of projects has been awarded by Indian Ministry until June this year.<\/p>\n\n\n\n<p>Pledging the government support, the Minister has given assurances to the construction equipment industry.<\/p>\n\n\n\n<p><strong>India&#8217;s Construction Equipment Market: Aims to Become Top Global Player by 2030<\/strong><\/p>\n\n\n\n<p>Currently, India is world\u2019s third largest construction equipment market.<\/p>\n\n\n\n<p>Gadkari also encouraged the industry to aim to elevate India from its current 3<sup>rd<\/sup> to being the top market in the world.<\/p>\n\n\n\n<p>Currently valued at Rs 79,000 crore, India\u2019s construction equipment stands with the industry\u2019s total volume standing at 1.35 lakh units.&nbsp;<\/p>\n\n\n\n<p>By 2030, experts have projected the number to almost double and reach 2.5 lakh units. This significant growth underlines the rising demand and expansion in India\u2019s construction sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All set with sleeves fold, the Ministry of Road Transport and Highways (MoRTH) is planning to award road contracts worth Rs 3 lakh crore within the next three months with the primary goal of improving connectivity as well as reducing the logistics cost. MoRTH to Award \u20b95 Lakh Crore in Road Contracts by Fiscal Year-End, [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1284253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5855,5854,5853],"class_list":["post-1284243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-contracts","tag-morth","tag-road-transport"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Road Transport Ministry Will Award Rs 3 Lakh Crore Contracts In 90 Days - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Road Transport Ministry Will Award Rs 3 Lakh Crore Contracts In 90 Days - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"All set with sleeves fold, the Ministry of Road Transport and Highways (MoRTH) is planning to award road contracts worth Rs 3 lakh crore within the next three months with the primary goal of improving connectivity as well as reducing the logistics cost. MoRTH to Award \u20b95 Lakh Crore in Road Contracts by Fiscal Year-End, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-11T13:34:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-11T13:35:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/08\/Untitled-design-3-1-1280x720-1024x576-1024x576-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days\/\",\"url\":\"https:\/\/trak.in\/stories\/road-transport-ministry-will-award-rs-3-lakh-crore-contracts-in-90-days\/\",\"name\":\"Road Transport Ministry Will Award Rs 3 Lakh Crore Contracts In 90 Days - Trak.in - Indian Business of Tech, Mobile &amp; 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