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Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the Spring 2013 budget are all covered In the new edition, and are used to Inform scenarios and forecasts to 2017. According to the report, a key conclusion Is that the long term opportunity for vehicle tracking and fleet management in Sais’s third largest economy is too large to ignore with long term sustainable growth guaranteed even under the least favorable market scenario.

In the run up to the 2014 national elections, Investors, fleet managers and operators remain cautious and this is acting to dampen short term demand. There are however numerous cases of successful and innovative tracking solutions being deployed throughout the country. The new TURN report shows that In the current tough economic climate there are Important opportunities In many of the 12 vertical market sectors which are analyses In depth.

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The other key findings of the report include: ; Indian’s infrastructure investment plans of nearly US$I trillion over the coming five years Including planned construction of an additional 1 5,000 km of highway by 2017 ill drive demand growth for tracking and fleet management throughout India. ; Within the addressable market of one million commercial vehicles in 2013, vertical market segments including logistics, mining, construction and employee transportation, show strong demand for tracking and fleet management, underpinned by increasingly sophisticated use of vehicle and driver data by fleet operators. The 400,000 new buses which will be required by 2017 represent one of the biggest opportunities for fleet management and location based services thanks to cent policy initiatives by central and local government. Recent demands for Improved security will further boost the public transport demand for vehicle tracking. ; Improvements in public procurement, is seen as a key to realizing the opportunity. Some public sector buyers are starting to base procurement decisions on overall life cycle benefits, rather than lowest unit cost. This trend will be a strong growth driver for advanced fleet management solutions going forward.

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