Indian Railways - On the right track
The Ministry of Railways is developing a National Rail Plan, 2030 to provide a long term perspective to plan for augmenting the railway network. NRP-2030 will endeavor to harmonise and integrate the rail network with other modes of transport and create synergy for achieving a seamless multi modal transportation network across the country.
The Indian Railways is gearing itself to add as much as 1.5% to India’s GDP by building infrastructure to support 40% model freight share of India’s economy. Major electrification plans are underway to electrify additional routes which will augur well for CMI limited.
The government’s increasing focus on safety, infrastructure development, and electrification and energy efficiency has led to significant rise in the order inflows .Further, plans to award Public-Private Partnership projects for supply and manufacturing of Electric Multiple Unit (EMUs), DFC, high-speed rail and metro projects are expected to boost the country’s rail sector and also Companies involved in this space.
The Bullet Train
Another ambitious project of the Government of India is the construction and commissioning of India’s first high-speed train, the Bullet Train between Mumbai and Ahmedabad. Construction of the corridor began in August 2018 with the acquisition of land for the Sabarmati terminus. The marquee train is scheduled to do its maiden run on the 15th August 2022.
Additionally, the new lines and the other proposed Bullet trains / High speed train projects will definitely enhance the demand for the specialized cables for this category.
Metro Projects – Setting new standards in efficiency
No economy in the world can expect to grow at a fast pace unless it has a robust urban transport system in place. In India, the Metro Rail Project has been one of our most ambitious projects. During its many years of operations, it has successfully provided the much-needed filip to our economy and bridged the transport gap for the citizens of India, significantly.
While cities like Delhi and Kolkata have their own fully functional metro networks, which have already become the pride of those cities, smaller cities like Jaipur, Lucknow and Nagpur now also have a Metro network benefitting the residents of the city in a big way.
According to reports, many more Indian cities are expected to get fully functional metro networks in the future.
Investments in Metro Rail infrastructure development have increased significantly from Rs.587 billion in FY2014-15 to Rs.1.48 trillion for FY2018-19, growing at a CAGR of 26% over the last four years.