The National Ropeway Development Programme, also known as the Parvatmala Yojana, has received a high level of interest from investors, with around 250 proposals submitted to the Ministry of Road, Transport, and Highways. Ropeways, which are traditionally seen as tourist attractions, are now gaining traction as a solution for transportation needs, particularly for urban cities. The ministry has prioritized eight ropeway projects worth ₹4,000 crore to develop 60 km length under the Parvat Mala Scheme.
In the current fiscal, the ministry plans to award seven projects to contractors, in addition to the already awarded Varanasi ropeway project, which is worth Rs 807 crore for the construction of a 3.85 km urban ropeway project. The ropeway market has huge potential, and with the process for awarding five more projects - Kedarnath (9.70 km), Hemkund Sahib (12.40 km), Ujjain (1.99 km), Shivkhori (2.1 km), Bijli Mahadev (2.4 km) - underway, it is expected that this potential will be realized soon. The government has also started carrying out DPRs for all the projects and over 200 DPRs are currently in the process.