Railways has a multiplier effect on economy; Modi 3.0 is going to have very big initiatives, says Ashwini Vaishnaw
Ashwini Vaishnaw on Saturday said that railways has a multiplier effect of 4+ as compared to 2.3 in other infrastructure areas. «This is because the development of railways is a combination of various sectors, and every aspect of all important sectors has to come together to make these efforts a success,» he said.
«Each rupee we invest in railways, has an impact on 250 industries,» he added.
While speaking at the ET NOW Global Business Summit, Vaishnaw said that inclusive growth means people at the bottom of the pyramid must have access to the same quality of service as those at the top; this is the vision of Modi government, he said.
While speaking on the growth of the semiconductor ecosystem in India, he said, «the story of semiconductors in India has been very satisfying. In June 2023, the Micron project was announced during Modi's US visit. In less than 90 days groundbreaking ceremony happened. Stay tuned for Modi 3.0,» he added.
«By December, we we will see first chip roll out of Micron project,» he added.
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