“Rising demand for coaches, locos and wagons cannot be met immediately,” was exactly what Mamata Banerjee said in her Railway Budget speech for 2011-12. She pointed out that the capacity for wagon manufacture is limited in and some of the required components aren’t made in India. Her allocation of Rs. 13,820 crore for the purchase of 18,000 wagons during the year is a record for the Railways, but still inadequate an economy growing at 9 percent per year. Continue reading
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