Redevelopment of railway stations, focus on passenger amenities, reducing red tape and overhauling of archaic technology systems are the broad themes for revamping India’s national carrier, railway minister Piyush Goyal said at the CNBCTV18-Mint Budget Verdict conclave in New Delhi on Friday.
The budget has allocated a record Rs1.48 trillion to the railways to raise its carrying capacity and improve the train travel experience. At Rs1.46 trillion, almost all of the railway budget is capital expenditure for capacity creation, including track doubling, gauge conversion and redevelopment of 600 stations. “Just to put it in perspective, what this government in five years would have invested in the railways would probably be more than what has been invested in the last 40-50 years. That’s the scale-up that has happened in the last five years. We are looking at holistic development of areas,” said Goyal.
“I believe inefficiencies in our operation cannot be passed on to our consumer. I will have to bring efficiency in my system… We will have to cut the flab, bring efficiency in purchasing, in utilization of material and also in design. There is huge potential,” the railway minister added. Read More…
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