Budget Reaction Quote by Mr. Umesh Chowdhary, Vice Chairman & MD, Titagarh Rail Systems Limited:

“We welcome the Union Budget 2025-26, which reinforces the government’s commitment to strengthening India’s rail infrastructure and operational efficiency. The ₹2.9 lakh crore allocation, a 12% increase from last year, supporting 300 new Vande Bharat trains, modernization of 1,200 stations, 100% route electrification, and bullet train expansion, will drive key developments. Investments in freight corridors and AI-driven Kavach safety systems will enhance logistics and passenger safety, while the focus on rail MRO capabilities ensures long-term reliability. Additionally, export-driven initiatives under the National Manufacturing Mission and Export Promotion Mission will bolster India’s global competitiveness, opening new avenues for manufacturers and aligning with the Viksit Bharat vision.

The creation of a ₹25,000 crore Maritime Development Corpus, along with revamped shipbuilding financial assistance, will empower Indian companies to invest in modern vessels, advanced technology, and infrastructure, ultimately making them more competitive in the global market. Additionally, the establishment of shipbuilding clusters and port expansions will enhance the industry’s infrastructure, leading to increased efficiency and lower costs.”