In a significant move to sustain its capital expenditure momentum, the Indian Railways is poised to receive a substantial allocation of Rs 2.8-3 trillion in the interim budget for 2024-25. This marks an increase from the Rs 2.4 trillion provided in the previous fiscal year (2023-24 Budget Estimate). The railways’ ambitious plans include the indigenous production of 400 Energy Efficient Vande Bharat trains in collaboration with technology partners. With 41 Vande Bharat trains already in operation, the railways is geared up for a transformative phase, anticipating an additional outlay of Rs 40,000-60,000 crore for the fiscal year 2024-25 to ensure the seamless execution of its extensive project pipeline.
