Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) welcomed the proposals to introduce Indian railway station development corporation, logistics corporation and other projects in PPP mode.
In a statement, FAPCCI President V S Raju said the budget appears to set a direction in terms of restructuring the railway board level management by proposing to add two members, one for PPP and the other for safety, in terms of improving operational performance by 10 percentage points, which though appears to be deficits, yet a desirable one as it sets a tone for improving the productivity, in terms of bringing in some innovative majors for safety logistics up gradation of stations average speeds of the trains. However, the railways are losing out to road transport which is reflected by a lower goods and passengers transportation. With nearly 30 per cent increase in overall freight rates the railway budget will trigger inflationary trend in the economy as goods transport cost will increase, the statement said. UNI