Arisinfra Evaluates Entry into India’s 35,000+ Crore Asphalt Market with JS Infra Solutions MoU
Arisinfra Solutions Limited, a leading tech-enabled supply and services network for India’s construction and real estate sectors, has signed a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to explore a collaboration in the asphalt and road infrastructure materials ecosystem. The Indian bitumen market is currently estimated at approximately USD 4.2 billion (235,000+ crore), with annual consumption of around 9 million tonnes and industry estimates projecting demand to scale to ~31 million tonnes over the coming years. The proposed framework seeks to combine JS Infra’s on-ground execution capability with ArisInfra’s operating infrastructure, sourcing capabilities, and technology-enabled coordination systems.
Key Highlights
- Arisinfra and JS Infra Solutions sign MoU to explore collaboration in India's asphalt market
- India's asphalt market is estimated at USD 4.2 billion with annual consumption of 9 million tonnes
- JS Infra Solutions is among the top ten asphalt producers in the Mumbai region
- Proposed framework aims to combine JS Infra’s execution capability with ArisInfra’s infrastructure, sourcing capabilities, and technology
- Collaboration initially focuses on the Mumbai region, with potential for expansion to other regions