Allocation of Rs1,10,055 crore to railways is a welcome move: FarEye

Owing to the pandemic 15 per cent of Indian startups were forced to extinction. At a time like this, the Finance Minister’s decision to extend the tax holiday for one more year comes as positive news. With regards to the logistics industry, infrastructure development will continue to be a critical factor. The decision to award national highway projects to the tune of 8,500 km by March 2022 and complete an additional 11,000 km of National Highway Corridor, will improve logistics operations in tier 2 and 3 cities where online deliveries are picking up pace. It will also boost the capacity of our existing highways and help businesses optimize transportation costs. Besides, the announcement of allocating Rs 1,10,055 crore to our railways that form the core of most infrastructure development initiatives and growth of an economy is quite welcoming. The amount will empower Indian Railways to become future proof and make intermodal transportation efficient and scalable.
I am hopeful that the proposal for the Western and Eastern Dedicated Freight Corridors by June 2022 quickly translates to implementation to improve mobilization of our financial resources.”