New Delhi: Corporates on Thursday gave thumbs up to the rail budget, which did not raise the freight charges, and described it as 'development-oriented'. (Agency)
Describing it as a win-win Budget, industry chambers said wagon manufacturers, heavy industries and common travelers would stand to gain.
The railways' emphasis on involving the private sector in infrastructure projects as part of public private partnerships (PPP) was also praised by industry organisations.
However, there were concerns about the state of safety and hygiene at the railway stations, with the industry emphasising that more needed to be done towards their modernisation.
The railways would get as much as 64 per cent from its revenue from the freight movement, of which an overwhelming share comes from transportation of coal.
FICCI said it has found it encouraging that 85 PPP proposals have been received so far and the government is setting up a single-window system to take these forward.
PHD Chamber said that the decision of setting up a rail factory in Jammu and Kashmir will create more infrastructure and jobs in the region.
Echoing the same, global consultancy firm Deloitte said that the Railways Minister has acknowledged that the Indian Railways is passing through a difficult phase financially. Indian Chamber of Commerce and Industry said that the private participation in the railway projects would give a boost to the sector.
Consulting firm PwC India also said that the Railways budget was trying to balance social and economic considerations.
However, it said that little headway has been made in the last three years on important PPP projects, such as setting up of diesel and electric locomotive manufacturing units.
New Delhi: Corporates on Thursday gave thumbs up to the rail budget, which did not raise the freight charges, and described it as 'development-oriented'.