Commenting on the proposed Union Budget for FY2018-19, Suramya Nevatia, CEO of Hind Rectifiers Ltd. Said: “This is an overall inclusive growth augmented budget with special emphasis on the backbone of the economy: Agriculture, Health, Education and Infrastructure. We welcome the finance minister’s announcement of allocating Rs 1.48 lakh crore towards capital expenditure for Indian Railways, which is the highest ever amount provided till date for this sector. The Railway’s focus on modernization of signaling and safety systems along with optimum electrification will not only enhance the efficiency but can also move a large amount of trade traffic from road to railways”.
“Most ancillary companies affiliated with rail infrastructure should benefit on account of this huge proposed capex allocated towards rail infrastructure”.
