Business

Corporate Leaders laud Railway Budget 2015-16

New Delhi, Feb 26: Although stock markets were pulled down by the rail budget because of no cut in passenger fares, corporate leaders from the field of transportation feel Suresh Prabhu has made all the right noises. Be it about cleanliness, modernization or safety.

However, they caution that this could be a double edged sword as the announcements are rather ambitious and need to be followed through.

"He has touched all the aspects of the railway problems, customers, freight. He is engaging almost everybody yet He has not increased the passengers fare. That is very good news", said CP Sharma, MD,  DAULAT RAM ENGR. SERVICES P LTD.

"I think it is a very aggressive, ambitious plan. It seems that there is a lot of thought which has gone into it. A lot of emphasis is there on how to get rid of the current problem that people go through, whether in booking ticket, or food. Lot of use of IT and technology to make things happen", said Nalin Jain, President, GE TRANSPORTATION.

"He is talking about insurance companies. Bilateral funding agencies have shown Interest. He has taken Railways to next level giving the user a far better experience, far better service. He is talking about cleanliness. Half of the time we are concerned when we have foreign visitors with us to take them on a train journey because of the state of the trains. All these things will not only help the country and Railways, it will also help build the image of the country. So any aspect we look at, I think it has been a very honest budget and we have reason to feel that things are going in right way and well", said Sumit Mazumdar, Vice Chairman and MD, TIL LTD.

-NNIS

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