New Delhi, Sep 23 (IANS) The government on Friday said that Indian Railways will meet 100 per cent expenditure target by the end of the current financial year.
Minister of State for Railways Manoj Sinha said this while addressing an Assocham conference on “2nd Global Investors India Forum” (GIIF), which was held here.
“The reforms will take time, and Make in India initiative will yield result in the coming year,” Sinha said.
Sinha elaborated that NPAs (Non Performing Assets) are a result of old legacy.
“There has been massive corruption in infrastructure sector,” he alleged.
The minister said that development of Dedicated Freight Corridor (DFD) is on schedule.
He also mentioned that trains with speed of 200 km per hour will be seen in India.
“Talgo has been advised to make changes to suit overnight journey,” Sinha added.
Sinha’s remarks came after Spain’s Talgo train completed its successful trial run between New Delhi and Mumbai within 12 hours.