Tuesday, February 26, 2008

Hail to the Rail!: Religare, Federation of Indian Export Organisations, PHD Chambers of Commerce and Industry of India, Ficci and Assocham

The 2008-09 Railway Budget has clearly focused on improving technology and expanding infrastructure, apart from providing relief to commuters and the industry by cutting fares and freight rates, according to Religare.

Other positive initiatives for the industry are the formation of an SPV for links to the Mundra, Kandla and Krishnapatnam ports, and the Rs 1 lakh crore worth of PPP (Public Private Partnerships) planned over the next five years.

Such initiatives, says Religare, would enhance infrastructure and facilitate a better exchange of goods and services in the country at a lower cost.

And the key sectors that would benefit from the resultant business opportunity are logistics, EPC, IT, equipment and metal industries, added Religare.

the budget also lends a “fillip to investments in infrastructure to promote faster transportation of goods and services in the country with higher private participation”.
Logistics, metals, IT to benefit from Rail Budget: Religare

Freight Corridors

According to the Federation of Indian Export Organisations (FIEO), the construction of the dedicated East-West freight corridor would pave the way for smoother and greater trade.

"Construction of the East-West corridor with finalisation of Ludhiana-Kolkata and Delhi-JNPT (Jawaharlal Nehru Port Trust) Corridors is expected to avoid congestion and increase efficiency in delivery," FIEO President Ganesh Kumar Gupta said.

However, PHD Chambers of Commerce and Industry of India (PHDCCI) said: "There is need to ensure that the dedicated freight corridors are completed on time but proper milestones for achieving the targets on time are missing in the budget.
India Inc welcomes Railway Budget 2008-09 - Sify.com

"Pragmatic, Progressive and Futuristic," India Inc.

"The Railway Budget has attempted to address the transport requirement of an expanding Indian economy. The Minister has introduced several new procedures which will facilitate private sector participation in the Railways, particularly in design and development of new models of wagons," Ficci President Rajeev Chandrasekhar said.

The chamber further said an investment of Rs 2,50,000 crore and 'Vision 2025' would help in augmenting railway capacity and managing the huge traffic that the growth of the Indian economy will generate
The Hindu News Update Service

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