February 25 2016, 18.10 PM IST || Pocket News Alert
From industry's perspective we welcome the announcement of a review of freight tariff policy to evolve a competitive freight structure and increase the share of railways vis-à-vis other modes. This will help in bringing down overall logistics cost for the industry and improve our competitiveness.
Inspite of the operating ratio standing at 92% due to absorption of the full implications of the seventh pay recommendations, it is heartening to see that the Hon'ble Railway Minister has earmarked a sum of Rs 1,21,000 crore towards capital investments, a growth of 10% yoy. This will provide the much needed impetus to kickstart the investment cycle in the country.
Plans for commissioning 2,800 km of Broad Gauge conversion and 2000 km of railway electrification in FY2016-17, new dedicated freight corridors, port connectivity, suburban railway projects, station redevelopment work, etc. augur well for giving a fillip to the steel demand in the country.
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Mr Sajjan Jindal,
CMD, JSW Group
Sajjan Jindal, CMD JSW Group
