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Historic Budget allocation to Railways will dramatically change logistics in Country: Railway Minister
NEW DELHI : Railway Minister Ashwini Vaishnaw recently stated that the 2023 Budget allocation to Indian Railways is historic and would fundamentally change the productivityofIndianeconomy.
The Minister was speaking at the CII Partnership Summit 2023, organized by Confederation of Indian Industry (CII) and Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
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“Railways logistics costs in the country would be brought down through the increased allocation. The Government is focusing on increasing the capacity at the bottlenecksandincreasingtherollingstockonanaverage. Most importantly, the focus is on changing the passenger experience by building new stations at totally new scale andnewdesignoftrains,”headded.
The Minister highlighted that the Bullet Train is a project that is fundamentally changing the model of operation.
“Resolving project execution, quality of construction, absorption of design and the challenges that were faced ensures that India will create a world-class design in good time,”hesaid.
On the manufacturing side, the Minister said, “Today electronics manufacturing is close to USD 87 billion as an industry in the Country.TheGovernmenthastaken3majorinitiativesviz, creating the ecosystem, laying out a clear policy framework and focusing on developing the semiconductor industry.Indiawoulddeclarethefirstfabinthecomingfew weeks, announced the Minister. With the work being done by Industry and the Government , India will have a vibrant semiconductorindustryinthecoming3-4years.”
On the global digital divide front, Vaishnaw highlighted that globally 4 elements significantly contribute to the current digital divide i.e. affordability, accessibility, availability,andknowledge.
Govt to connect J&K with Amritsar-Kolkata Industrial Corridor connecting Western Ports
NEW DELHI - In order to boost connectivity and logistics support to Jammu and Kashmir, the Indian government is planning to connect it to the AmritsarKolkataIndustrialCorridor(AKIC).
The corridor is expected to give an impetus to the local economy.
Amritsar-Delhi-KolkataIndustrialCorridor(ADKIC)is a proposed industrial route, which will connect the northern industrial and agricultural centres with the key ports of western India, including Jamnagar and Kandla, in Gujarat.
The Centre is planning to extend AKIC to Jammu as partoftheNationalIndustrialCorridorProgrammeaimed at the development of futuristic industrial cities in India, reportedtheKashmirMonitor.
“The GOI (Government of India) plans to connect Jammu with AKIC as per the National Industrial Corridor Development Program and the UT Government shall declare the existing alignment of Amritsar – Jammu highway as a freight corridor,” an official document accessedbytheKashmirMonitorrevealed.
The corridor will help boost the industrial revolution connecting the industrial belt of Baddi, Bhatinda, and Ludhiana through spurs and the state of Jammu and Kashmir through the Delhi -Amritsar- Katra Expressway.
