The governmentÂ´s ambitious push to port-led development under the Sagarmala project will help in saving as much as Rs.40,000 crore annually in logistics costs by 2025.
Taking precedence from Japan which heralded the Â´bullet trainÂ´ legacy in 1964, the world began to partake of this Â´race against timeÂ´. High-speed rail (HSR), which uses an integrated system of specialised rolling stock and dedicated tracks, can significantly enhance the connectivity and trade between major cities in a country.
With the Indian Economy still being in growth trajectory, the country faces acute gridlock in its rail transport. The massive upgradation and expansion of railways is not only critical input needed to stay at the desired growth but the act of massive investment in railways itself will be a propellant for further uplifting the inclusive growth of the economy, writes Mohit Sinha.
The way for Indian Railways to capture back some of the market lost to roads is through privatisation. Although the intent is there, privatisation of rail logistics is a while away because the fundamentals, including documentation formats, do not exist.