Page 34 - CII Artha Magazine

This has been possible with For the Budget Estimate of Rolling stock is also being connected with Vande Bharat On the government's side,
record allotment of CAPEX 2023-24, Rs 2.60 lakh crore upgraded to provide energy trains. For freight focus will continue to be given
of Rs 2 lakh crore in 2022-23 CAPEX has been provided efficient, better speed and transportation, high on capital spending as well as
including gross budgetary with gross budgetary support technology integrated means horsepower locomotives are timely execution, which will
support of Rs 1,59,100 crore. of Rs 2,40,000 crore. of transportation. Vande being inducted for enabling lead to growth of investment
Enhanced GBS will give a Bharat trains are the most heavy haul of freight and consumption demand in
major boost to capacity anticipated trains in every commodities at higher speeds.
INCREASED augmentation and network part of the country. The Wagon induction of about 1.5 the economy. I am sure the
ALLOCATION OF expansion, bringing down the indigenously designed and lakh has been planned till joint efforts of Railways and
CAPITAL EXPENDITURE overall logistic cost for the produced Vande Bharat have 2030. All the above efforts industry will establish India as
IN THE RAILWAY economy. state of the art amenities and with focus on 100 per cent a key player in the global
SECTOR TO PROVIDE A features of modern world electrification will ensure supply chain and will also keep
BOOST TO CAPACITY travel. Many more cities and seamless rail connectivity in the momentum of India’s
AUGMENTATION states will continue to be environment friendly manner. march towards becoming a
developed economy.

Railway Contribution Towards Green India
Vision: India@2047
Capital Expenditure (Cr.)
3,00,000 FY23 (Today) 2030 2047 User Centric World Class Railway System

2,50,000 2,45,300 Net Direct Emissions by 27 0 0 Vision: India@2047
2,00,000 1,90,267 Railways (million-ton CO ) FY23 (Today) 2030 2047
2
1,50,000 1,33,377 1,48,064 1,55,181 Electrification of network 90% 100% 100% Number of passengers 8 Bn 9 billion 10 billion

1,00,000 Enhancing Electric Capacity 3,200 13,000 50,000
(2 X 25KVA) (RKm) Doubling track (Lakh KM) 1.06 1.4 2
50,000
- EV charging stations in railway - 5,000 7,000+
18-19 19-20 20-21 21-22 22-23 stations/premises (nos.) High-Speed Rall Network 0 1,000 KM 7,000 KM
Source: Ministry of Railways
Source: Ministry of Railways
Freight Corridor Expansion 1750 KM 3,300 KM 7,800 KM

Station redevelopment is Railways and the industry to Rail industries expectation projects, elevated rail Freight modal share of rall 29% 38-39% 40-45%
another area of focus, with grow simultaneously. Regular from the Railways is corridors, signalling system
1275 stations identified under interactions are being carried continuance of asset addition projects and research &
the Amrit Bharat Scheme. out with Industry members in and infrastructure upgrade as development of new Seml High Speed Corridor 0 1,000 km 10,000 KM
Indigenously developed
KAVACH will bring the next Railway sector, to discuss well as faster execution of the technologies, the private
level of safety on our tracks. several issues to explore ongoing projects. I am sure, sector’s role and expertise Station development (nos.) 3 1275 4000
Policy interventions of Land business opportunities for industry as a whole is would be a key enabler for IR
management and Gati Shakti Railway-Industry through enthused by the credible and support of the entire
terminals will further help in partnership, industry-railways steps taken by the Indian industry will be requisite to Indigenously developed 12 800 4,500
adding infrastructure for multi engagements through policy Railways in this direction. meet this vision of the Vande-Bharat trains (nos.)
modal connectivity of all related issues, events such as Government and the
types of commodity supplier meets and
transportation and There is a clear vision, and a Railways. PM Gati-Shakti Cargo Terminals (nos.) 38 500 1,500
accordingly ease of doing interaction on a variety of number of opportunities are
business for our businesses matters including technology, available, which would go a There is a need to maintain a
and industries alike. contract management, etc. long way in attracting synergy between industry and 100% Automatic Train Pretection (Kavach) 1400 RKm 35,000 Rkm Entire IR network
investments into the sector Indian Railways. I am sure that
Indian CONTINUOUS JOINT and Indian Railways would like CII will play a role of bridge Elimination of Level Crossings (LC remaining) 18,500 10500 0
between both the parties and
more industry members to
Railways and EFFORT OF be a part of the ongoing put forward all constraints
GOVERNMENT AND
being faced by industry
transformation. With Ministry
Industry INDUSTRY IN THE of Railways announcing players for faster resolution Source: Ministry of Railways
RAILWAY SECTOR TO
HELP ESTABLISH INDIA development of stations to of issues faced by them and
international standards
help in delivery of
In the above-mentioned AS A KEY PLAYER IN including under public-private un-interrupted quality
context, there is plenty of GLOBAL SUPPLY CHAIN partnership, High Speed Rail services to all consumers.
scope for both Indian
34 ANALYSIS, RESEARCH, THOUGHT LEADERSHIP & ADVOCACY ANALYSIS, RESEARCH, THOUGHT LEADERSHIP & ADVOCACY 35
QUARTERLY JOURNAL OF ECONOMICS
QUARTERLY JOURNAL OF ECONOMICS
MAY 2023 MAY 2023