Budget 2025: Industry pins hope for mega wagon orders
India Budget: With the Union Budget 2025-26 approaching, industry players are pinning hopes on significant announcements for the railway sector, particularly in freight operations and infrastructure development. The industry also stressed the need to increase the average speed of freight trains to 50 kmph and deploy advanced 12,000 HP electric locomotives.
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Texmaxo Managing Director Sudipta Mukherjee expressed optimism for a substantial wagon order, building on the government's 2022 announcement of approximately 1.2 lakh wagon orders over three years.
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«Out of the total 3 lakh long-term wagon procurement plan to increase the total number to six lakh wagons, the government had placed nearly 1.2 lakh wagon orders in 2022, which are supposed to be fulfilled by 2025. We hope the government will repeat a similar mega order for wagons in the upcoming budget to push the railways' share in logistics to 45 per cent from the current 26-27 per cent,» Mukherjee said.
He also emphasised the need for increased funding for safety, technology, and predictable train running infrastructure.
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