The railway rolling stock and component industry is upbeat about the Indian Railways’ Rs. 1.21 lakh crore capital investment plan and greater opportunity for future business revenues that has been outlined by this Budget.
Saroj Poddar, Executive Chairman,Texmaco Rail , told that the capital plan expenditure of Rs. 1.21 lakh crore for 2016-17 was positive for the private rolling stock and component suppliers. “As a result of the investment commitment, we expect steady orders from the Railways in future — be it wagons, coaches or components,” Poddar said. Umesh Chowdhary, Vice-Chairman and Managing Director, Titagarh Wagons , felt the Railway Budget proposals were positive for the wagons and coach manufacturing industry. He said the proposals for three more dedicated freight corridors, increasing track capacity, increasing the speed and axle load of wagons would go a long way for improving business opportunity for the rolling stock manufacturers.