The Planning Commission has tentatively pegged the Indian Railways 12th plan expenditure (2012-17) at Rs 5.19 lac Crore (nearly 100 bln US$). This is likely to be spent on key areas like enlarging the rail network to cover more geographies, double tracking , introducing newer trains- both passenger and freight , enhancing the convenience, safety and security of the passengers, modernization of the network etc.
This year’s Railway budget announced the following measures for 2013-14 :
1) Promote Safe Operations of the Train
3) Passenger Convenience
5) Projects in 2013-14
6) Green Energy Initiatives
Some of the new steps that have been taken or are proposed to be taken include:-
While there has been a slow down in capital expenditure for Indian Railways this year, some of the above opportunities will gather momentum in subsequent years. And given the lengthy product approval process with Indian Railways, new suppliers to Indian Railways could start working now !
For more info about Railway Budget 2013-14 click here : http://indiarailinfo.com/faq/post/pdf-copy-of-the-rail-budget-2013-14/1501
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