The first ropeway in India was developed in the 1960s, when it was used to carry sand to the coal mines. The public application of the ropeway started in the 70s. However, in recent years, ropeways are slowly and gradually taking off from a niche industry to a more popular mode of public commute. Recent years have seen a host of ropeway & cable car projects in India across hilltop temples, mountainous terrains, and other remote locations.
The central and state governments in India are mulling Ropeway as a faster, economical, and environmentally friendly mode of commute. They are thinking of building more ropeway projects. While their role in offering last-mile commutes in the remote locations of India is unquestionable, ropeway and cable cars can also play a pivotal role in offering seamless connectivity in high-traffic regions in modern Indian cities.
In the western cities, the ropeway is a popular mode of transport and on similar lines government to planning to implement such projects in the high-traffic regions of Ghaziabad, Noida, Gurgaon, etc. In 2018, it was proposed to build ropeway projects to develop feeder lines for the metro corridor. (However, the project did not materialize thereafter)
Aerial Tramway or the Ropeway & cable car market in India is poised for robust growth. There are numerous factors that can drive the growth of the ropeway industry in India.
Meanwhile, there are also technological and legal hurdles that can undermine the growth of ropeway projects in India. The GST in ropeway is much higher (18%) compared to aviation (12%) and railways (5%). Likewise, it is also a niche industry with the scope of overall revenue limited compared to other mainstream transport and logistics businesses. To further expedite the adoption of ropeway as a successful mode of commute, all the stakeholders including central and state governments, local governing agencies, and contractors have to think cohesively.
The India Watch is a leading market research, business information, data & insights provider. We work with corporates, family businesses, PE investors, trade promotion agencies, and industry bodies to offer them custom-made market research solutions.
We work with a range of sectors including but not limited to infrastructure & real estate, retail & FMCG, industrial manufacturing, agribusiness, and much more. Our range of services include