CII Rail Transportation and Equipment Division every year submits its Pre-Budget recommendations to Railway Board. The Document is prepared based on the deliberations of the CII Taskforce on Railways and Rail Transportation and Equipment Division.
Indian Railways, the World’s third largest rail network is clearly witnessing a substantial transformation. There is a clear agenda of reforms to upscale and strengthen India’s Rail story. It is envisaged that Railways would entail investment of USD 133.6 billion over the next 5 years which requires concerted effort of all stakeholders is imperative to develop Rail infrastructure. Ministry of Railways requires significant private partnership for betterment of passenger amenities, upgradation of signaling systems, modernization of 400 stations, developing high speed rail corridor projects. Ministry of Railways has taken commendable steps in streamlining systems and awarding of major projects which are rudimentary to boost the confidence of the investors. The recommendations in the Pre-Budget Memorandum further emphasises on project implementation, balanced contractual conditions and adoption of technology.