Union Finance Minister Nirmala Sitharaman on Tuesday tabled Union Budget 2022 in the Lok Sabha finance minister Sitharaman began her presentation of Budget 2022 by expressing empathy with those who were affected by the adverse health and economic effects of the Covid-19 pandemic.
Sitharaman said today that 2,000 km of the rail network will be brought under the indigenous world-class technology KAWACH — as a part of Atmanirbhar Bharat.
Railways will develop new products and efficient logistics services for small farmers and micro, small and medium enterprises, besides taking the lead in the integration of postal and railway networks to provide seamless solutions for the movement of parcels.
The government will popularise the “One Station-One Product” concept to help local businesses and supply chains.
As many as 400 new-generation Vande Bharat Express trains with better energy efficiency. The Railways will develop and manufacture passenger riding experience during the next three years. These new trainsets are going to be made of light-weight aluminium, as opposed to steel, making each around 50 tonnes lighter in weight, consuming much less energy than their steel counterparts, the finance minister said.
As many as 100 Pradhan Mantri GatiShakti Cargo Terminals for multimodal logistics facilities will be developed during the next three years.
The government will encourage innovative ways of financing and faster implementation for building metro systems of appropriate type at scale.
The government will facilitate multimodal connectivity between mass urban transport and railway stations on priority. The design of metro systems, including civil structures, will be re-oriented and standardised for Indian conditions and needs.
“The Indian Railways this year too received generous Budget allocation towards Capex spending. This will act as an impetus for the elaborate blueprint of the National Rail Plan. Some important highlights include the introduction of 400 Train Set 18 to improve Rail passenger experience under ‘One Product, One Railway Station’ , investment in Kawach, the signalling and telecommunication infrastructure as well as focus on Atmanirbhar Bharat products are all a positive boost for Indian Railways. Overall, the budget was forward-looking,” senior vice-president (regional) of Wabtec India Sujatha Narayan said.
Railways is already manufacturing 44 Vande Bharat Express trains, in order to have these trains running on at least 75 routes by 15 August 2023, as announced by Prime Minister Narendra Modi in his Independence Day speech.