Govt steps for modernisation, expansion of Railways is welcome: Chief Strategy Officer, Tata Projects
The Budget has, for the first time in decades, undertaken bold steps towards modernisation and expansion of rail network, said Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects. Indian Railways has been in dire need of investment both in terms of passenger and freight movement.
The increase in expenditure budget of Railways by 34 per cent demonstrates the government’s commitment to ‘Future Ready’ railway. The target of 100 per cent railway electrification will ensure not only faster trains but also pollution-free environment, he said.
The Budget acknowledges that bringing down the logistic costs and transport time for industry should be at the core of governmental strategy to enable ‘Make in India’. This is only possible with a robust and modern freight network.
‘A welcome move’
The announcement to take-up Sonnagar–Gomoh and Gomoh-Dankuni sections of Eastern DFC under PPP mode are welcome moves. Additionally, plans to undertake future dedicated freight corridor projects from Kharagpur to Vijayawada, Bhusaval to Dankuni and Itarsi to Vijayawada reinforces the government’s attention to augmentation of rail freight transportation network.
