Government of India has increased investment in railways, infrastructure: Suresh Prabhu
The central government is spending huge amounts to modernize infrastructure, particularly in the railways sector to push growth, Railways Minister Suresh Prabhu said today. He said the government will invest more in railways this year as compared to the previous years.
“Railways used to put Rs 30,000- Rs 40,000 crore in a year into railway infrastructure…We increase the investment to Rs 1 lakh crore. Last year, it was Rs 1.21 lakh crore and this year, it will be definitely higher…almost Rs 3 lakh crore has been invested in the span of two-and-half years,” he said.
These investments are in addition to whatever the ministry allocates out of the budget and by giving contracts to different agencies, the minister said. He said these huge investments in infrastructure and the new indir...