Public private partnership to develop rail infrastructure says Finance Minister

"We have shown by our deeds that principles of 'perform, reform, transform' can indeed succeed," she said

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New Delhi:

Presenting her first budget as Finance Minister, Nirmala Sitharaman said corporate India is both a job creator and wealth creator. She also called for public private partnership for the development of rail infrastructure.

The requirement for the development of rail infrastructure was estimated to be Rs.50 Lakh crore till 2030. She also informed that 657 km of metro rail has become operational across the country.

Saying that schemes such as Bharat Mala, Sagarmala and UDAN (Ude Desh Ka Aam Nagrik) are bridging rural urban divide and improving transport infrastructure, she said “public private partnership to be unleased to develop rail infrastructure”.

The finance minister said as the world’s third largest aviation market, time is ripe to enter aircraft financing and leasing from Indian shores.

She further noted that last mile delivery stood out and asserted that the government’s objective has been and continues to be “Mazboot desh ke liye mazboot nagarik”.

“The target of USD 5 trillion economy in next few years is imminently achievable,” she noted.

“We have shown by our deeds that principles of ‘perform, reform, transform’ can indeed succeed,” she said adding that the NDA government in its first term had set the ball rolling for a ‘New India’ with strident commitment to fiscal consolidation

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