Railway Budget 2020: Railway fares unlikely to be hiked, govt may give privatisation push
Budget 2020: After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country
- Jan 31, 2020,
- Updated Feb 1, 2020 7:44 AM IST
Budget 2020: Union Finance Minister Nirmala Sitharaman is likely to make announcements related to Railways in the Union Budget 2020 on February 1. Beyond infrastructural boost, the Centre may this time focus on public-private-partnership programmes. There are expectations that apart from announcing new routes, the government may announce privatisation of various railway stations.
"The sector could also be opened to foreign investors. Additionally, investors can be allowed to run commercial and real estate business and railways could monetise its assets. While the scale may not be large, it would provide a firm roadmap for the future," suggests Care Ratings.
After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country.
Budget 2020: Union Finance Minister Nirmala Sitharaman is likely to make announcements related to Railways in the Union Budget 2020 on February 1. Beyond infrastructural boost, the Centre may this time focus on public-private-partnership programmes. There are expectations that apart from announcing new routes, the government may announce privatisation of various railway stations.
"The sector could also be opened to foreign investors. Additionally, investors can be allowed to run commercial and real estate business and railways could monetise its assets. While the scale may not be large, it would provide a firm roadmap for the future," suggests Care Ratings.
After the success of India's first private train Tejas, the Centre may also consider privatising other trains and railway operations. The Centre's railway station modernisation plan will also boost steel consumption in the country.