With nearly 30 kilometers of roads being constructed in India every day, there is an increasing demand for efficient road transport across the nation. Today, the rapidly expanding roadways network in India provides a great opportunity for new entrepreneurs to invest in transport businesses. Transport businesses majorly include running taxis, auto-rickshaws, on-demand cabs and commercial vehicles for intra-city and inter-state goods transport. With the demand for transport services rising by 10% annually, the transport business market is ripe for new entrepreneurs.
Below, we will look at the basic steps towards creating a transport business plan and the various kinds of transport businesses that one can set up.