Kolkata: Applauding Railway Minister Dinesh Trivedi’s first Rail Budget presented on Wednesday in the Lok Sabha, the industry chambers termed it as quite balanced and encouraging for the country’s economy growth.

“The rail budget, which aims to contribute 2-2.5 percent of the GDP instead of the current one percent, is very focused and growth-oriented. It will facilitate in boosting the country’s economic growth,” Indian Chamber of Commerce (ICC) said in an official release.

The ICC release also said that the budget will help to expand infrastructure by focusing on freight corridors and would also facilitate smooth flow of goods and services.

Echoing the similar views, MCC Chamber of Commerce and Industry termed Trivedi’s Rail Budget encouraging for the ‘aam aadmi’.

“The Railway Minister in his budget has not levied any burden on the common man. It is largely a balanced one,” said Deepak Jalan, Chairman, MCC.

Highlighting several provisions of the budget, Jalan said, “Proposals like the setting up of high power electric locomotive plant in West Bengal and Railway Safety Fund of around Rs 16,000 crore is for the betterment of aam aadmi, who is the biggest consumer of Indian Railway.”

Keka Sharma, Secretary of Bharat Chamber of Commerce, also termed the rail budget progressive and a balanced one.

JPN/Bureau