Efkon plans US$19.5 million investment in India

Within the next four or five years, more than US$19.44 million will be invested by Efkon India in its urban transportation and highway tolling businesses in the country. Pushkar Kulkarni, CEO of Efkon India told The Economic Times that the company will be increasing its investments since more contracts are being awarded by the National Highways Authority of India. He projected the domestic highway tolling equipment segment to grow by 10 times within the next five years, while the toll plaza operation and m
April 13, 2012 Read time: 2 mins
Within the next four or five years, more than US$19.44 million will be invested by 43 Efkon India in its urban transportation and highway tolling businesses in the country.

Pushkar Kulkarni, CEO of Efkon India told 4854 The Economic Times that the company will be increasing its investments since more contracts are being awarded by the 4855 National Highways Authority of India.

He projected the domestic highway tolling equipment segment to grow by 10 times within the next five years, while the toll plaza operation and maintenance business has the potential to expand by two-fold in the next three or four years.

Efkon says its owns a 50 per cent share in the toll system equipment market as well as operating two toll plazas on the Bangalore and Vijaywada highways. Currently, the company is executing the Yamuna Expressway project.

Kulkarni also revealed that while toll system equipment and services make up the bulk of the company's revenues, logistics management, GIS mapping and vehicle tracking system contribute 10-15 per cent. Indeed, he told the Economic Times that the company is also looking at higher revenues through installation of automatic fare collection systems for buses, and is already working on one such project in Jaipur. Its other areas of operation are smart cards and setting up of transaction settlement clearing houses.

Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Infrastructure spending is an investment in economic recovery
    January 20, 2012
    Transportation funding is caught in the crossfire as the President calls for infrastructure investment and a reinvigorated Republican majority in the House pushes back on federal spending. Andrew Bardin Williams reports. Every few months some politician or pundit declares that the country is on the verge of making the most important political decision in a generation. The 2006 mid-term election; the 2008 Presidential election; the passing of the stimulus bill; healthcare reform; the mania surrounding Tea Pa
    Read More
  • Tags or communication based toll payment systems?
    January 20, 2012
    Midland Expressway Ltd's Tom Fanning discusses deployment of Near Field Communicationbased payment on the M6 Toll facility The M6 Toll's introduction from early next year of Near Field Communication (NFC) is a pragmatic response to the relative scarcity of tolled facilities and the concomitant low levels of tag take-up in the UK, according to the road's operator, Midland Expressway Ltd (MEL). Nevertheless, Dedicated Short-Range Communication (DSRC)-based tags operating at 5.8GHz are still a key part of the
    Read More
  • Data exploits parking potential
    March 11, 2015
    David Crawford parallel parks with innovations in two continents. Surveys of US cities indicate that drivers searching for parking can account for up to 37% of all urban traffic congestion. A 2011 study by IBM of 20 cities around the world found that nearly six out of ten drivers had abandoned their search for a parking space at least once; while motorists generally spent on average 20 minutes looking for a sought-after spot.
    Read More
  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More

Highlighted Content