PROPOSALS TO REBUILD RAILWAYS THROUGH PPP AND FDI ROUTE ARE WORTHY OF PRAISES: PHD CHAMBER

PROPOSALS TO REBUILD RAILWAYS THROUGH PPP AND FDI ROUTE ARE WORTHY OF PRAISES: PHD CHAMBER

PROPOSALS TO REBUILD RAILWAYS THROUGH PPP AND FDI ROUTE ARE WORTHY OF PRAISES: PHD CHAMBER

No.PR-57
July 8, 2014
New Delhi

 

PROPOSALS TO REBUILD RAILWAYS THROUGH PPP AND FDI ROUTE ARE WORTHY OF PRAISES: PHD CHAMBER

 

Mr. Sharad Jaipuria, President, PHD Chamber of Commerce and Industry has described the railways Budget for 2014-15 as growth oriented since it rightly emphasis on re-building railways through public-private-partnership mode including inviting foreign capital with FDIs route as also committing for passenger amenities with their adequate safety measures in place.

Introducing host of new trains to facilitates smoother movements of railways passengers as also promising to launch high and semi-high speed trains including bullet trains in due course of time and providing an allocation of Rs.5,116 crores for take-off of railways projects under construction in northern eastern parts of the country are some of other welcome measures that the Minister announced while presenting the railways budget for current fiscal here today, added Mr. Jaipuria.

Since, the minister himself admitted that railways finances are in mess due to populist measures taken by previous governments, the right way to re-build railways would be through domestic and foreign capital for which the cabinet note must be prepared as soon as possible to take necessary approval of the government so that funds and technologies are garnered to serve the intended purpose.

Offering to undertake a detailed survey to connect holy shrines of Badrinath and Kedarnath with the existing railways network is yet another worthy promise that the Minister has made to undertake as it will give boost to promote religious tourism in times to come, feels Mr. Jaipuria.

The announcements made in railways budget would go a long way to enhance rail infrastructure and to generate employment opportunities in the economy, said Mr. Jaipuria.
ENDS
Koteshwar Prasad Dobhal
Consultant (PR)