These measures taken by the Modi government are accelerating economic development

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Millions of employment opportunities are also being created in the country due to the continuous increase in Indian Railways business in various sectors. Be that as it may, Indian Railways has been instrumental in providing jobs to the citizens of the country.

The development of the infrastructure of this country has a great impact on the revival of the economy of any country. In order to transport raw materials and manufactured products from one corner of the country to another and to export goods and services, it is very important to develop infrastructure to transport them from the manufacturing unit to the port of the country. In India too, particular attention has been paid to this lately. Not only a solid road network has been established in the country, but now the railways and ports are also rejuvenated in some way in the country.

The central government runs Model Station Scheme, Model Station Scheme as well as Modern Station Scheme for the development of various railway stations in India. Under these programs, upgrades and modernizations at many small and large stations across the country continue. In which a total of 1,253 stations have been selected for development by the central government under the larger Adarsh ​​Station Program and so far a total of 1,215 stations have been developed. Work is also accelerated for the development of the remaining 38 railway stations.

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Under another plan, 400 Vande Bharat trains are expected to be built in the country over the next 3 years in a bid to increase the speed of trains in India. An amount of Rs 1.4 lakh crore has been allocated for this purpose in the general budget established for the financial year 2022-23. A 16-car Vande Bharat train will cost Rs 120 crore. At present, the manufacturing process of 75 trains will start in the current financial year 2022-23, which is expected to be completed by August 2023. Vande Bharat Semi-High Speed ​​Train was launched in 2019. At present, 2 Vande Bharat trains are operating in the country between Delhi to Varanasi and Delhi to Katra with a speed of 160 km/h, which is included in the category of fastest train ever running in the country. . In this sequence, Indian Railways is also working on another scheme with the aim of getting passengers to their destination quickly. Under which Indian Railways is going to bring 2 trains of the second upgraded version of Vande Bharat Express train. In this, the speed of the first train will be 180 kilometers per hour, while the speed of the second train will be 220 kilometers per hour.

Indian Railways is also working fast towards achieving self-sufficiency. More recently, Indian Railways has tendered for the establishment of a manufacturing unit in India with the aim of manufacturing railway wheels in India. At least 80,000 wheels will be manufactured each year in this manufacturing unit. Along with this, a railway wheel export plan has also been prepared. For the first time, Indian Railways invited private companies to set up manufacturing units for manufacturing railway wheels. In this “Make in India” factory, wheels for high-speed trains and passenger cars will be manufactured, the purchase of which will be ensured by the Railway Department. In addition, the railway wheels produced in this factory will also be exported to the European market.

Millions of employment opportunities are also being created in the country due to the continuous increase in Indian Railways business in various sectors. Be that as it may, Indian Railways has been instrumental in providing jobs to the citizens of the country. Indian Railways has provided jobs to about 3.5 lakh citizens for 8 years and the recruitment process of about 1.40 lakh job vacancies is ongoing and will be completed soon.

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In parallel with the modernization of the rail route, the road route is also reinforced. An amount of Rs 1.99 lakh crore has been allocated to the Ministry of Road Transport and Highways in the Union budget. Especially after the completion of the eight-lane Green Highway under construction between Delhi-Mumbai, logistics costs for businesses will drop significantly as previously a Delhi-Mumbai journey that took 54 hours is now here. After the completion of this new project, it will only take 18-20 hours. This way, not only will there be a huge reduction in transport costs, but there will also be a huge reduction in CO2 emissions.

The Bharatmala project is also progressing rapidly in India. Out of the 34,800 km to be developed under its first phase, 20,411 km of roads worth Rs 6.18,686 crores have been allocated under the national roads project so far, of which 8,134 km of road works have been allocated so far. Development work is complete. Under this project, work on corridors, feeder roads, border roads, international connectivity roads, coastal and port roads, highways and the remaining 10,000 km of PNDS roads will also be launched soon. .

Similarly, the National Highways Authority of India (NHAI) is also constructing over 1.47 lakh km of roads in the country. NHAI is also building 22 green highways and plans are underway to develop India’s road infrastructure to the same level as US roads by the end of 2024. In India, a 28.28% reduction was recorded in accidents of the road through better design and construction.

Along with the development of railways and roads, the expansion works of Indian ports are also continuing at a rapid pace. Especially in the past 8 years, the Indian government has reached new heights in the maritime sector and given a huge boom in trade and commerce activities and during this time the capacity of Indian ports has almost doubled. In the meantime, existing systems have been made more efficient by increasing port capacity. Today in India, 95% of trade by volume and 65% of transport by value is by sea. Today, 13 major ports and more than 200 minor ports operate along India’s coastline of approximately 7,500 km.

Work is also continuing at a rapid pace under the Sagarmala Project launched in 2015. The Sagarmala Project is a national program, where resources from the sea and rivers are used to create millions of employment and develop the ports. Under this project, 802 programs worth Rs 5 lakh 50,000 crore will be implemented and 1 crore people will get jobs in the next 10 years. The installed capacity of Indian ports was 1531 MTPA in the year 2014-15 which has now increased to 2554.61 MTPA in 2020-21.

– Prahlad Sabnani

retired deputy general manager

National Bank of India

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