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In this extensive interview to INFRASTRUCTURE TODAY, he says that it is entirely up to the Railways on how it would like to leverage its unique position as the country’s most inclusive transporter.
Mangal Dev, Head of Hitachi Rail Systems Co., India & South Asia Region affirms that the time is ripe for the development of a network of bullet train projects in the country.
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Over the past 10 years, India has successfully executed projects such as the Golden Quadrilateral road programme and port expansion projects in the country.
Investment opportunity stems from efforts of making rolling stock safer, faster and more efficient. The thrust on electrification is expected to give a spurt to electric locomotives, bringing down the fuel bill significantly, even as increasing investment in higher horse power locomotives will support longer rakes.
Logistics infrastructure is a critical enabler of India's agenda for economic development and urbanisation. Recognising its pivotal role, the Indian government has tripled annual spending on logistics infrastructure over the past seven years.
According to me every move has an advantage and a disadvantage. The business success depends on the ability of a company to factor in variables and continue to stand firm.
The expected implementation of GST will boost the demand for warehousing, 3PL solutions and multimodal services, areas where TCI has a strong market presence.