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Evenly poised for a developing and competitive India

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India has emerged as one of the most preferred investment destinations in the world in last few years. Nation is poised for a balanced economic growth amidst tough and unprecedented times. This is backed by a 550 mn young human capital base and strong policy environment. Greener technologies and India as a manufacturing hub provides opportunities for collaboration between auto manufacturers and subsidiary industries to reduce cost and improve quality.

With the target of 100 smart cities and the rising urban population, the scenario of public transport and urban mobility needs improvement and further investment. The National Transport Development Policy Committee formed under the aegis of Government of India says that the total passenger traffic is expected to grow at about 15% per annum to reach 168,875 bpkpm in 2031-32 from 10,375 bpkpm in 2011-12. This is a significant growth. The statistics also say that growth in rail passenger traffic is expected to be around 9% per annum, and for road traffic, 15.4%. This kind of expansion requires support from the government and private funding and proper infrastructure.

In absolute terms, there is a requirement of about INR 30 trillion by 2031-32. A large portion of this investment should and can go into improving transportation by way of introducing smart technology. Developed economies around the world have understood the importance of smart transportation. And they are fast adopting various means and modes of transportation that involve the use of electric cars, use of quick, easy mass transit systems, rapid metro rails and the use of advanced technology that controls vehicular movement and mobility across the cities. These means are not just energy saving but are efficient and futuristic.

India remains no different from the use and implementation of smart transportation. Existing and upcoming metro rail network around our capital cities is just a start. India has already chalked out a plan to have electric cars for all by 2030. With ongoing technological developments and efforts at multiple levels the nation is expected to reduce carbon emission from vehicular sources, create huge job opportunities in transport and automotive industry and develop a sustainable and smart transportation system for its growing economic and public mobility requirements in coming decade. The investments in surface transportation projects will create a world class transportation infrastructure; bring best vehicle technologies, sustainable choices and intelligent transportation system in India.

The world’s third-largest rail network, IR too, is undergoing a significant transformation led by large capital investments. Digitalization around asset management and network operations are not only improving safety, on-time performance, network throughput, and asset performance but also enhancing the passenger experience and empowering the organization to move fast enough to meet the market’s changing needs.
 

A combination of strong policies, regulation, public and private sector investments and public awareness will bring the desired change for implementing and executing the dream of smart transportation in the country. The day is not far when India will showcase its transportation sector to the world. Sustainable choices for public transport coupled with greener fuels will greatly enhance the quality of life for the citizens and give a push to the economic activity in the long term.

The nation is evenly poised for a developing, competitive and ushering India in its 75th year of Independence and its ‘Amrit Kaal’. 25 years from now and with the same pace of development and reforms the countrymen shall surely witness a revived India in its 100th year of Independence in 2047.

Wishing the readers with happiness of 75th Independence Day, we ecstatically present you our August special issue covering the developmental works the country has witnessed in recent years in a holistic approach. Significant infrastructural work also is witnessed in railways which again is a topic of greater importance. With regular columns, insightful and informative articles, interviews etc. we also announce our upcoming 200 pages Mega September – 2022 issue which surely shall be a must possess edition for all transport news readers.

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