India had the one of the largest road networks in the world, spanning over a total of 5.6 million kms. Over 64.5 per cent of all goods in the country are transported through roads, while, 90 per cent of the total passenger traffic uses road network to commute. The construction of highways reached 9,829 km during FY18 which was constructed at an average of 26.93 km per day. The Government of India has set a target for construction of 10,000 km national highway in FY19. Huge investments have been made in the sector with total investment increasing more than three times from Rs 51,914 crore (US$ 7.43 billion) in 2014-15 to Rs 158,839 crore (US$ 22.73 billion) in 2018-19. The Government has received public sector undertakings from countries like Malaysia and Japan for funding the upcoming highway projects in India – annuity model 60 per cent of the investment is borne by the private investors 40 per cent by NHAI in 5 equal instalments. With the Government permitting 100 per cent foreign direct investment (FDI) in the road sector, several foreign companies have formed partnerships with Indian players to capitalise on the sector's growth. Cumulative FDI in construction development^ since April 2000 stood at US$ 25.31 billion as of September 2019. MAIF 2 became the first largest foreign investment in Indian roads sector under TOT mode worth Rs 9,681.5 crore (US$ 1.50 billion). The government’s move to cut GST rates on construction equipment from 28 per cent to 18 per cent is supposed to give boost to the industry.