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Here’s Why Demand of Paver May Rise in The Country

Demand of Paver, one of the crucial Road building equipment set to rise in the country as government is committed to invest huge amounts in road building over the next few years, which will lead to the Sell of new and used Paver in India. 

The paver is also known as Asphalt finisher, Paver finisher or Paving machine, is used for laying down asphalt on roads, highways, bridges and other construction works. The Paver levels the asphalt and provides compaction before road roller is used for compacting asphalt.  

The Sell of the road building equipment depends on the investment made on road and highway building in the country and length of road construction.  In last two years, the Ministry of Road Transport and Highways, approximately awarded road projects worth Rs 2 lakh Crore and planned to award works worth Rs 7 lakh crore in the next five years to build 50,000 km of highways. 

This year itself, government has a target to build 15,000 km of roads, of which National Highways Authority of India (NHAI) has a target of 8,000 km and National Highways and Infrastructure Development Corporation Ltd. (NHIDL) is responsible for rest 7,000 km. 

NHAI has targeted to award 97 highway projects during 2016-17 in almost 18 states and projects could cost Rs 1 lakh crore. During the period, NHAI would award projects in Andhra Pradesh, Bihar, Chhatisgarh, Gujarat, Haryana, Himachal Pradesh, Jammu Kashmir, Jharkhand, Kerala, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu and West Bengal, and cover the area of 6,631 km.  

The road and highway building in these states during this fiscal indicate the requirement of Asphalt finisher. The construction of road building in these states would lead to the demand of new and used Asphalt finisher, even the rental market will also witness the growth due road building in the country.
Last month Union Minister Mr. Nitin Gadkari laid down the foundation of three national highway projects in Uttar Pradesh and announced to invest road projects worth Rs 2 lakh crore in next two years.  

Cabinet Committee on Economic Affairs (CCEA) has approved the development of 1120 km of National Highways last month,  at an estimated cost of Rs 6,461 crore in five states, including  Karnataka, Odisha, Bihar, Rajasthan and West Bengal.

Recently, NHAI awarded projects in Uttar Pradesh (worth Rs 2,016 crore), Himachal Pradesh (Rs 1,583 crore), Punjab (Rs 2,070 crore), Rajasthan ( Rs 820 crore) and other states. 

Demand of second hand/used construction equipment has been rising in the country after the emergence of various e-commerce portal; it is helping the unorganized market of used construction equipment in India. One of the fasted emerging e-commerce portal is , the portal has a wide range of road building equipment including Paver from all the brands.

Source: Information has been obtained from government’s release

This post first appeared on Equipment One Stop, please read the originial post: here

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Here’s Why Demand of Paver May Rise in The Country


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