Government plans doubling/ tripling 16,500 km rail tracks to fast-track creation of a robust infrastructure.
Mr. Prabhu said Railways is investing in infrastructure to create seamless movement of traffic . This is in consideration so that GST becomes a gamechanger wherein goods are moved without hassle.
Only 42 per cent of electrification has been made so far which will double in next five years. The minister said this addressing the conference on ‘India – on the Cusp of a Logistics Revolution.’
The Railways plans to save about Rs. 41,000 crore in energy bills of which it has already saved about 10 per cent, he said.
So, all of this will result in creating a good logistic backbone for India. It will help it do much better business as logistics is key to success of industrialization, he said.
On low consumer price inflation, Mr. Prabhu said it is the result of sound fiscal monetary policies in India.
News Source: ndtv.com
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