Subrat Nath, Area Director, Asia-Pacific, Talgo, a privately-held rolling stock and maintenance equipment manufacturer headquartered at Madrid, says that the firm is keen to not only change the way railway journeys are undertaken in India, but also make the country a major manufacturing hub for its products.
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With the conducive environment, investor confidence will go up
Infrastructure is the backbone of any economy. But good infrastructure development needs good planning. Lack of planning is the biggest problem. China in comparison to India has shown better planning and flexibility while executing infrastructure projects. India has lagged behind due to its political system and populist outlook.