Pre- Budget Expectation: Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited

12 Jan 2024 , 11:13 AM

As we eagerly anticipate the forthcoming budget, our industry envisions a governmental emphasis on cultivating a robust railway network. Our expectations for the budget revolve around advocating decongestion measures and strategic planning, fostering indigenous manufacturing, thereby contributing to a resilient and self-reliant Bharat. We anticipate a carry forward of the previous year’s postulates with undeterred throttle. The infrastructural boost towards improvement of the National Rail Network needs to continue and the 3000 MT mission must not get diluted by any means. Rolling stock-up upgradation and modernization need to fast-track for better efficiency in revenue generation. Procurement of Rolling Stock assets to remain a high-priority subject. The number of wagons going to be overaged between 2024 and 2031 is anticipated to be around 45000 and it is essential that the new stocks must be added at a much higher rate.