More needs to be done for Railways: JP Chowdhary, Titagarh Wagons

“As far as the industry is concerned, apart from FDI in certain segments, there has been no positive announcement about the Railways’ view and policy” – J.P.Chowdhary, Chairman, Titagarh Wagons

Titagarh:  In a chat with media, J.P.Chowdhary, Chairman, Titagarh Wagons gives his views on the Railway Budget 2014 announcements.

He said that Titagarh Wagons while understanding the limitations of the honourable Railway Minister, whatever he has announced is based on innovative thinking, but much more needs to be done.

As far as the industry is concerned, apart from FDI in certain segments, there has been no positive announcement about the Railways’ view and policy that the Railways are likely to follow, in respect of the main bread earner, that is freight traffic.  That is what the honourable minister has not clarified much. But I am sure it will come about as part of subsequent policy decisions, even if not as a matter of the Budget. FDI will come about and they will create more facilities or more units. That is one part of it, but in the last two to three years, even the domestic industry has been suffering from under utilisation of capacity and for that we need some policy framework, he said.

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