CII appreciates the bold and pragmatic budget presented by the Hon’ble Railway Minister. The heightened focus on safety and modernisation is welcome and meets many CII pre budget recommendations. Increase in fares after several years will impart greater flexibility for future requirements. We also welcome the stress on public private partnership through an additional Member, Railway Board, for PPP. Several new bodies have been announced for safety, logistics support, tariff regulation, housekeeping and R&D. It is a practical and far-reaching Budget that looks ahead to the future.
New Delhi
14th March 2012
