Comments
The Railway Budget 2015 has laid down the roadmap for attracting private investments, according to the Indian Chamber of Commerce (ICC).
Private investments would be instrumental in boosting project completion and infrastructure expansion, it said, while welcoming the move of not hiking the passenger fares.
According to ICC, the Budget has announced concrete plans to enhance passenger amenities and safety, boost revenues, upgrade stations, restructure, modernise and transform the railway network, and boost the cleanliness drive.
The focus on developing infrastructure through freight corridors will facilitate smoother flow of goods and services. This in turn should enhance business and industrial prospects.
Going for partnerships with the private sector for last mile connectivity will ensure enhanced intra-country trade and commerce, the chamber said.
The decision to set up Transport Logistic Corporation of India to aid the expanding freight handling capacity and provide end-to-end logistic solutions would significantly boost trade and commerce.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.