The Government of India has allocated nearly $18.97bn (Rs1.4tn) for the Indian Ministry of Railways this year as part of Union Budget 2022.

In the budget, Union Finance Minister Nirmala Sitharaman allocated higher funds to the ministry, with an aim to surmount the impact of the Covid-19 pandemic and bolster the country’s economy.

The Indian Railways will work towards the development of new products and logistics services to support small farmers and Small and Medium Enterprises.

It will consolidate the postal and railways networks for facilitating the movement of parcels.

Additionally, the concept of ‘One Station-One Product’ will be promoted to aid local businesses as well as supply chains.

Under the Atmanirbhar Bharat, around 2,000km of network will be brought under Kavach, the indigenous technology for security and capacity expansion in 2022-23.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the upcoming three years, around 400 new Vande Bharat Trains will be developed.

During the same period, the railway industry will also witness the inclusion of 100 Gati Shakti Cargo terminals for multimodal logistics centres.

Furthermore, the Indian Government will make advancements towards new ways of financing and faster implementation for the development of metro systems of suitable type at scale.

Work will also be directed towards promoting multimodal connectivity between mass urban transport and railway stations.

In addition, the design of metro systems, including civil structures, will be standardised and re-oriented as per the needs and conditions of the nation.

Last February, the Indian Government revealed plans to commission the Eastern and Western Dedicated Freight Corridors by June this year to minimise the logistics cost for the railway sector.