August 15, 2026 06:29 am (IST)
Follow us:
Industry bodies laud Modi's Rail Budget
New Delhi, July 8 (IBNS): Apex industry body ASSOCHAM on Tuesday called the Rail Budget presented by Narendra Modi government very businesslike and smart.
It said the Rail Budget focuses on "delivery not populism."
"Clearly spelling out the economic model of the Narendra Modi government, the Railway Budget is banking heavily on involvement of the private investment- both domestic and overseas on modernization and a smart functioning of the country’s largest transport operator," ASSOCHAM President Rana Kapoor said.
"The emphasis is clearly on improving efficiencies, passenger amenities with promise to take them to global standards and the much-needed safety of passengers," he said.
"The Railway Budget opens up vast opportunities for the public-private-partnership in a whole gamut of areas including cleanliness, upkeep of major stations like the airports, IT infrastructure. The smart strategy lies in trying to get the new businesses out of the sheer necessities and ordinary looking but important services such as catering."
"Besides, a clear strategy has been spelt out to retrieve the Railways’ share in the freight movement. Though the freight movement gives over two-third revenue to the organisation, it had been neglected in the past. IT-driven parcel management and special trains for parcel movement for capitalizing on the growing e-commerce business is an intelligent move," he said.
"We are sure, that unlike in the past, the PPP models will attract a lot of private and overseas investment as the new government enjoys a great amount of credibility to deliver. For the first time perhaps, the Railways Minister’s Budget speech read like speech of a Rs. 1,47,000 crore corporate which is wanting to go about servicing its customers," Kapoor said.
Rohit Gadia, Founder and CEO, CapitalVia Global Research Limited said the budget announced sounded more realistic.
He said industries like Kalindee and Titagarh wagons appear strong as the budget announced is having plans for new trains , railway infrastructure development and completion of ongoing projects. This will directly benefit these stocks.
Promising course correction and pledging to move away from populism, Railway Minister Sadananda Gowda on Tuesday presented the Narendra Modi government's maiden Railway Budget focussing on a public-private partnership in infrastructure development, infusion of FDI, announcing introduction of a diamond quadrilateral of high speed trains, an inaugural bullet train service besides harping on e-ticketing augmentation, safety of passengers and cleanliness.
While the Lok Sabha was adjourned after budget speech of Sadananda Gowda amid din by disgruntled MPs of Opposition from largely TMC, Gowda promised on infrastructure and modernization besides taking forward wi-fi system.
"I have an open mind to correct," said Gowda, who emphasised on logistic parks and private freight terminals on PPP model.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
HCG Q1 results: Cancer care major posts 190% jump in adjusted profit, revenue rises 13%
Fri, Aug 14 2026
Big relief for Zee Entertainment: SAT allows warrants issue, dividend access despite SEBI ban
Fri, Aug 14 2026
Olectra Greentech Q1 shocker: Revenue soars 66%, profit barely moves; shares crash 4%
Fri, Aug 14 2026
Red Friday on Dalal Street: Sensex plunges 300 points, Nifty slides amid geopolitical tensions
Fri, Aug 14 2026
Tata Motors shares jump 6% after Q1 profit soars 83% to ₹2,560 crore
Thu, Aug 13 2026
RVNL posts strong Q1 numbers, but shares fall sharply
Thu, Aug 13 2026
Profit soars 39%, but Grasim stock crashes 3% after Q1 results
Thu, Aug 13 2026
Sensex plunges 170 points, Nifty nears 24,350 as market takes a hit
Thu, Aug 13 2026