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India's transportation market is one of the largest in the world, with a value of over $288 billion in 2023. The market is expected to grow at a CAGR of 9.04% over the next five years, reaching $484.43 billion by 2029. This growth is being driven by several factors, including rising urbanization, increasing disposable incomes, and government investment in infrastructure development.
The Indian government is a major procurer of transportation products and services. The government spends an estimated $20 billion per year on transportation procurement. This includes spending on roads, railways, airports, and ports. The government also procures a wide range of transportation products and services, such as buses, trains, aircraft, and ships.
The main transportation products and services procured by the Indian government include:
Roads: The government procures a wide range of products and services for the construction and maintenance of roads. This includes asphalt, cement, steel, and machinery.
Railways: The government procures a wide range of products and services for the operation and maintenance of railways. This includes locomotives, carriages, and track.
Airports: The government procures a wide range of products and services for the operation and maintenance of airports. This includes aircraft, navigational aids, and security equipment.
Ports: The government procures a wide range of products and services for the operation and maintenance of ports. This includes cranes, ships, and cargo handling equipment.
The top authorities for India transportation procurement include:
Ministry of Road Transport and Highways (MoRTH): The MoRTH is responsible for the development and maintenance of national highways.
Indian Railways: Indian Railways is the national railway operator of India.
Airports Authority of India (AAI): The AAI is responsible for the development and management of civil aviation infrastructure in India.
Ports Authority of India (PAI): The PAI is responsible for the development and management of major ports in India.
The top winners of India transportation procurement include:
Larsen & Toubro (L&T): L&T is a leading Indian engineering and construction company.
GMR Infrastructures Limited: GMR Infrastructures Limited is a leading Indian infrastructure development company.
Adani Group: Adani Group is a leading Indian conglomerate with interests in power, ports, and logistics.
IRB Infrastructure Developers Limited: IRB Infrastructure Developers Limited is a leading Indian road construction company.
Afcons Infrastructure Limited: Afcons Infrastructure Limited is a leading Indian infrastructure development company.
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