Embellish the quality and connectivity through railway infrastructure
With passenger footfalls expected to be ~16 million per day and anticipated to increase by ~7% annually and coupled with robust economic push anticipated in India, the need to embellish transport infrastructure is quintessential, according to an industry report by ResearchAndMarkets.
The “Privatization of Indian Railways – Tracking New Avenues of Investment Opportunity for Railways Infrastructure Development, Electrification & Locomotives Till 2025” says the report released on 22 Feb 2021.
“India shall gradually surpass China in terms of population and be the most populous country across the world, which shall bring a consistent push to improve upon the current set of infrastructure in the country of which transportation forms a vital part,” said the report.
“Looking at the varying landscape and the vast geography that India caters to and coupled with the fact of being touted as one of the fastest-growing economies, the country needs to embellish the quality and connectivity through railway infrastructure,” it added.
Incidentally, India also happens to be the largest operator of the railway network across the globe meaning to improve upon the existing infra the tune of investments shall be massive which shall open a fleet of opportunities for the value chain players.
With more than 70% of transportation for both passenger and freight traffic dependent upon railways, it is a prerequisite to enhance the infrastructure, which shall mainly cover three aspects on a broader level namely being civil, mechanical and electrical, said the report.
The railway development industry comprises of Indian Railway Stations Development Corporation Limited; L&T; Tata Projects; NBCC; Ircon International Limited; GMR; Adani Group; JKB Infra; Shapoorji Pallonji; Tata Realty; NIIF; ISquared Capital; Global Infrastructure Fund; Essel Group; Anchorage Capital; The National High Speed Rail; Corporation Limited; Kalpataru Power Transmission; Sterlite Power; KEC International Ltd; and RITES Ltd. #tenders #projects #contracts #investment /fiinews.com
