Rail Budget presented by Railway Minister Suresh Prabhu is forward looking and development-oriented, according to T V Narendran, Managing Director (India and Southeast Asia), Tata Steel.
“The efforts to rationalise the tariff structure by review of the tariff policy for creating a competitive structure is the need of the hour. The steel industry would look forward to an early review of the policy to make movement of bulk commodities competitive,” Narendran said.
“Permitting multi-point loading/unloading and application of differentiated tariffs would help in increasing the utilisation of railways and decongest the roads. The customer commitment charter would also help in improving the customer service levels,” he said.
“Given India’s goal to achieve double digit growth, we hope that the Union Budget will make further announcements in public infrastructure. Railways is an important part of an overall infrastructure growth and we are confident that the timely execution of the initiatives announced in this Budget will have a positive impact on all the sectors that are dependent on railways, including steel,” the Tata Steel executive said.