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Railways to invest over ₹ 10 lakh Cr in next 5 years || infrabuddy.com

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Railways to invest over ₹ 10 lakh Cr in next 5 years

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An Interactive Session on ‘Construction Equipment Industry: Challenges and Opportunities’ was organized as part of CII EXCON 2019. Railways to invest over ₹ 10 lakh Cr in next 5 years

An Interactive Session on ‘Construction Equipment Industry: Challenges and Opportunities’ was organized as part of  CII EXCON 2019. Railways to invest over ₹ 10 lakh Cr in next 5 years

In his presentation on the status of Indian CE Industry, Mr. Dimitrov Krishnan, Vice President, ICEMA & Vice President-Sales & Marketing, Volvo Construction Equipment, said, “The CE industry has seen tremendous investments in infrastructure in the last decade, with about half billion equipment installed, the industry has employed approx. 1.2 Billion people. In the next 5 years, as India is aiming towards a 5 trillion economy, the expected investment in infrastructure would be 100 lakh crores and equipment required will be at least 8 times what it is today and it is expected to generate 9 times of the employment.  To achieve this the industry will definitely require help and support from the government. Railways to invest over ₹ 10 lakh Cr in the next 5 years. Internally, to accomplish that kind of growth, as an industry we will be focusing on three major things that include investing in R&D, Capacity Enhancement & Skill building. With the support of all the stakeholders, we are very confident that this industry is going to be an able partner to the Government of India to propel this nation from ‘Make in India’ to ‘Building a new India.’

Explaining key Initiatives planned to accelerate the growth of Infrastructure to regain market share, Mr. S. K Mishra, Executive Director (Infra), Ministry of Railways, said “The Government has already taken the decision of allowing 100

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