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— Jay Shankar, Chief Economist, Religare Capital Markets Ltd
We welcome the railway budget. Though finer
details are yet to be seen, moves by the railway
minister such as enhancing the wagon capacity by
acquiring 80,000 new wagons and increasing private
sector participation in wagon procurement would
certainly provide an impetus to companies like ours
which has recently ventured into freight wagon manufacturing
by establishing a unit under the aegis of
Jindal Rail Infrastructure Ltd in Gujarat.
Besides, the emphasis on modernizing railway network and
services through public-private partnership would prove to be integral
to nation building.
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