Bonanza for railways, 400 Vande Bharat trains in 3 yrs

New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday - Rs 20,311 crore more than the revised fi gures of the previous fiscal.

Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the next three years. The rail sector will also develop “One Station One Product”, which will leverage local produce carried on the railways.

Railway Minister Ashwini Vaishnaw welcomed the announcement and said the integration of posts and railways will bring better logistics solutions for people in remote areas.He also said the Railways will introduce new products and services for small farmers.

The Budget has also earmarked Rs 38686.59 crore for investment in PSUs, joint ventures and SPVs. (PTI)