'Rail budget is positive and in line with expectations'

Nalin Jain, President and CEO, South Asia, GE Transportation and Aviation, feels the rail budget is positive and in line with expectations

Nalin Jain, President and CEO, South Asia, GE Transportation and Aviation, shares with us his views on the Railway Budget.

1. What are your first thoughts on the Rail Budget?
The rail budget announced by the new government today is positive and in line with expectations from Modi government. For the first time, we heard a Railway Minister balancing social and commercial requirements, and giving enough prominence to commercial.

2. What according to you are the highlights of the Budget?
The focus on execution and delivering short term goals is the highlight of this budget. In all these years, we have had new policies and vision statements, but not much of it got implemented and delivered. The openness of this government towards private participation, developing PPP model and FDI inclusion will bring-in more resources which are currently lacking with railways. The overall theme is to make railways a commercially viable organization. Moreover, safety and comfort measures announced today are very encouraging and will enthuse travelers.

3. The Railway Minister talks about Indian Railways becoming the number one freight carrier in the world. Do you see this as being achievable, and what do you think needs to be done to get there?
It is definitely achievable provided the government creates an ecosystem. There are steps taken already and now is the time to unlock projects which are in final stages or stuck in pipeline and enable infrastructure to support freight movement across regions. These include rolling stock investments – like the proposed locomotive factories in Bihar, introduction of new signaling technologies and speedy execution of DFC projects.

4. Do you see bullet trains becoming a reality in India anytime soon?
Mumbai-Ahmedabad corridor has been in contention for bullet train for some time now. Japanese and French companies have visited the location in the past for feasibility checks. It is realistic and doable for the chosen corridor given the volume of business travel that takes place between Mumbai and Ahmedabad – however business model and financial viability needs to be established.

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