Rail Budget 2016 progressive, dynamic & passenger centric : PM Modi

Published By : Admin | February 25, 2016 | 15:22 IST
Quote#RailBudget2016 a progressive, dynamic & passenger centric: PM Modi
QuoteBe it the poor, women or youth, #RailBudget2016 caters to all sections of society: PM Modi
QuoteLast year we have seen lot of success & this budget is an effort to further improve on this: PM on #RailBudget2016
QuoteAlong with using latest technology, investments in Railways has been given importance to: PM on #RailBudget2016
QuoteNumerous steps are being taken for increasing the railway connectivity in the North-East: PM Modi #RailBudget2016

I congratulate Rail Minister Suresh Prabhu, on presenting a thoughtful budget for the dynamic Railways of a progressive nation.

This budget strives for the dignity of the poor, honour of the women, enthusiasm of the youth and broadening the smile of the middle class.

This budget presents an optimistic strategy for the future, while giving a complete account of the promises made in the budget of previous year. We have achieved a lot in the past one year and this budget presents an effort to make it further better.

Cleanliness and upgradation of passenger facilities and technology remains the basic Mantra of last two budgets. Beside this, Railway projects have been defined on the basis of ‘Commissioning’, in place of ‘Completion’. I believe this policy-transformation is a Paradigm-shift in nation’s economy. The special arrangement of the ‘Super-fast trains’ for the poor through launch of Antodaya Express and Deen-Dyalu rail coaches , reiterate the commitment of our government to the poor.

This budget will have long-term positive impact on the national economy by effective execution, enhanced capital investment and infusion of technology along with IT, in the Railways.

Appropriate steps has been taken towards fulfilling the Government’s promise to enhance connectivity in the backward areas of the country, especially the North-East. Beside, the chronic problem of our rail routes due to the lack of capacity, has been done away with to a large extent over the past one year. This Rail Budget has further strengthened the measures..

We have seen the budgets before Mr. Suresh Prabhu. I don’t want to criticize those, but if I see the Budgets of last five years by the previous Government, the Budget by Suresh Prabhuji has taken a big jump with 2.5 times higher investment. This budget will be an important tool towards the renovation of the nation. The best thing is that the State Governments are also enthusiastically participating in the expansion of our Railways. A detailed road-map in this direction has also been presented. Along with that an effort has been made to seek the co-operation of Passengers and the Railway Employees, as well. Discipline in spending, efficiency in management and accountability to the consumer is the focus of our Government, which is reflected in this budget.

My congratulations once to the Railways Minister Mr. Suresh Prabhu, Rail Family and the Team Railway.

Thank You very much.

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Cabinet approves semiconductor unit in Uttar Pradesh
May 14, 2025
QuoteSemiconductor mission: Consistent momentum

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the establishment of one more semiconductor unit under India Semiconductor Mission.

Already five semiconductor units are in advanced stages of construction. With this sixth unit, Bharat moves forward in its journey to develop the strategically vital semiconductor industry.

The unit approved today is a joint venture of HCL and Foxconn. HCL has a long history of developing and manufacturing hardware. Foxconn is a global major in electronics manufacturing. Together they will set up a plant near Jewar airport in Yamuna Expressway Industrial Development Authority or YEIDA.

This plant will manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and myriad of other devices that have display.

The plant is designed for 20,000 wafers per month. The design output capacity is 36 million units per month.

Semiconductor industry is now shaping up across the country. World class design facilities have come up in many states across the country. State governments are vigorously pursuing the design firms.

Students and entrepreneurs in 270 academic institutions and 70 startups are working on world class latest design technologies for developing new products. 20 products developed by the students of these academic students have been taped out by SCL Mohali.

The new semiconductor unit approved today will attract investment of Rs 3,700 crore.

As the country moves forward in semiconductor journey, the eco system partners have also established their facilities in India. Applied Materials and Lam Research are two of the largest equipment manufacturers. Both have a presence in India now. Merck, Linde, Air Liquide, Inox, and many other gas and chemical suppliers are gearing up for growth of our semiconductor industry.

With the demand for semiconductor increasing with the rapid growth of laptop, mobile phone, server, medical device, power electronics, defence equipment, and consumer electronics manufacturing in Bharat, this new unit will further add to Prime Minister Shri Narendra Modiji’s vision of Atmanirbhar Bharat.