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The Railway Budget lays down the ‘thrust areas’ of Action Plan’ - de-congesting networks, last mile connectivity projects and introduction of high speed rail in certain railway corridors, says Shri Arun Kumar Saraf, President of MCC Chamber of Commerce & Industry.
The Budget speaks of building partnership with the key stake-holder, namely the States, PSUs, Multi-lateral Institutions and Governments. The partnership will help in collecting funds for long-term financing and latest technology for building up capacity, expanding fleet of rolling stock and modernising the station infrastructure.
However, MCC Chamber of Commerce & Industry maintained that freight charges have been hiked in general and on a number of industrial inputs like cement, coal, urea and so on.
This, Saraf says, will adversely impact industrial projects and is contrary to the core objective of ‘Make in India’.
It is also not clear what specific steps have been proposed in the Budget to accelerate and complete the ‘work-in-progress’ relating to factories for manufacturing rolling stock, extension-work of Metro Railways and commissioning of some new Railway linkages which are under construction.
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