The car transporter industry in India is set to transform itself into a billion-dollar business after it successfully completed the second phase of the project to construct an entire highway through rural India’s southern regions.
The new highway, which will link Delhi with the state capital, will be built in five stages and is expected to take nearly 18 months to complete.
It is also expected to attract about 1.3 million vehicles per year, or almost three times the traffic flow of the Indian capital.
The project is also projected to generate $15 billion in revenue, according to an estimate by the State Roads Corporation of India.
The government of India has announced that it will give the project $150 million to cover the cost of the first phase, which is slated to be completed in 2021.
The first phase of Rs 3,000 crore project, which had been slated to begin in 2017, has been delayed twice, with the first project being halted on January 31, 2019.
The second phase, to be built at a cost of about $1.6 billion, is expected by 2021.
In its report titled “India’s Auto Trains: How They Are Changing India’s Rural Economy”, a government agency has estimated that the total amount spent on transportation in India by 2020 is expected at about $7 billion.