Kolkata, September 13, 2023 :
Investments in infrastructure and Productive capacity have a large multiplier impact on growth and employment. Indian Railways taking CAPEX target fulfilment on propriety basis has put all efforts on infrastructure work which generated impetus for the development of our country. Indian Railways stood highest in CAPEX utilization amongst the Public Sector Organization for the first five months of the current financial year 2023-24. This undaunted progress of Indian Railways materializing the futuristic vision of Hon’ble Prime Minister “The Indian Railways will become the growth engine of the Nation’s ‘Vikas Yatra’ ”.
Indian Railways has witnessed approx. 48% Capital Expenditure utilization ( CAPEX) in the first five months of this Financial Year till August 2023. Indian Railways has made an expenditure of ₹ 1, 15,000 Crores till August 2023. This is also the highest ever CAPEX utilisation. Investment is seen in various infrastructure projects like New Lines, Doubling, Gauge Conversion and enhancing passenger amenities. Safety of the passengers is paramount in Railways. Significant sum has been invested in enhancing the safety related works. The Capex Utilization is approx. 54 % in comparison to the last year corresponding period.