Budget 2021: Transforming Railways will Transform India
New Delhi/Mumbai [India], February 2 (ANI/PRNewswire): Indian Railways has been in dire need of investment - both in terms of passenger and freight movement. For the first time in decades, the Union Budget not only recognizes this - in fact the Finance Minister has taken bold steps towards modernization and expansion of rail network.
ANI
Feb 02, 2021 19:19 IST
New Delhi/Mumbai [India], February 2 (ANI/PRNewswire): Indian Railways has been in dire need of investment - both in terms of passenger and freight movement. For the first time in decades, the Union Budget not only recognizes this - in fact the Finance Minister has taken bold steps towards modernization and expansion of rail network.
The increase in the expenditure budget of railways by 34 per cent demonstrates the Government's commitment to 'Future Ready' railway. With a target of 100 per cent railway electrification - India shall not only have faster trains but also reduce air pollution.
DFCC's Tundla Junction
The Budget rightly acknowledges that bringing down the logistic costs and transport time for industry should be at the core of a governmental strategy to enable 'Make in India'. This is only possible with a robust and modern freight network.
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 Government's attention to augmentation of rail freight transportation network.
Creation of these dedicated freight corridors would not only make Indian products cost competitive but also generate large employment opportunities. It is estimated that each dedicated freight corridor will replace nearly four lakh trucks and reduce carbon emissions materially.
India's commitment to reduce its carbon footprint under Paris Agreement is being further displayed by a focus on railway electrification with targeted electrification of broad-gauge routes by end of 2023.
Tata Projects is contributing towards nation building by executing multiple stretches of dedicated freight corridors, including 351 km New Bhaupur-New Khurja section of Eastern DFC commissioned by Prime Minister early this year. It is also carrying out several railway electrifications across the country.
About TATA Projects Limited
TATA Projects is one of the fastest-growing and most admired infrastructure companies in India. It has expertise in executing large and complex urban and industrial infrastructure projects.
TATA Projects operates through its four Strategic Business Groups (SBGs) namely Industrial Systems SBG, Core Infra SBG, Urban Infra SBG, and Services SBG.
The company provides turnkey end-to-end solutions to set up power generation plants, power transmission & distribution systems, fully integrated rail & metro systems, commercial buildings & airports, chemical process plants, water and wastewater management solutions, complete mining and metal purification systems.
The company is driven to deliver projects on-time, using world-class project management techniques and has uncompromising standards for safety and sustainability.
This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire India)
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