-6.9 C
New York
Tuesday, February 3, 2026
HomeIndia NewsBudget 2019: Public private partnership to be unleashed to develop rail infrastructure:...

Budget 2019: Public private partnership to be unleashed to develop rail infrastructure: FM

Date:

Related stories

Trump secures US-India trade deal, slashes tariffs on Indian imports to 18%

Highlights: US tariffs on Indian goods reduced from 25%...

India changes tax rules to support Apple’s manufacturing expansion

Highlights: India allows foreign firms to fund factory equipment...

Republic Day event in New York sees bipartisan US leaders reaffirm India–US ties

Highlights: Bipartisan US leaders reaffirm the importance of India–US...

Trump says India will buy oil from Venezuela instead of Iran amid US sanctions

Highlights: Trump says India will buy Venezuelan oil instead...

Finance Minister Nirmala Sitharaman Friday said corporate India is a job creator as well as wealth creator and called for public private partnership to develop rail infrastructure.

Presenting the the first Budget of the Modi 2.0 government Sitharaman said, 657 km of metro rail network has become operational across country while railway infrastructure will need Rs 50 lakh crore investment till 2030.

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”.

- Advertisement -

“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.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here