Nirmala Sitharaman presents Union Budget 2019 in Parliament; FM calls for public-private partnership to develop rail infrastructure

Finance Minister Nirmala Sitharaman on Friday said corporate India is a job creator as well as a wealth creator and called for a public-private partnership to develop rail infrastructure

Press Trust of India July 05, 2019 12:22:28 IST
Nirmala Sitharaman presents Union Budget 2019 in Parliament; FM calls for public-private partnership to develop rail infrastructure
  • Finance Minister Nirmala Sitharaman on Friday said corporate India is a job creator as well as a wealth creator and called for a public-private partnership to develop rail infrastructure

  • 657 kilometres of the metro rail network has become operational across the country while railway infrastructure will need 50 lakh crore rupees in investment till 2030

  • The finance minister said as the world's third largest aviation market, time is ripe to enter aircraft financing and leasing from Indian shores

New Delhi: Finance Minister Nirmala Sitharaman on Friday said corporate India is a job creator as well as a wealth creator and called for a public-private partnership to develop rail infrastructure.

Nirmala Sitharaman presents Union Budget 2019 in Parliament FM calls for publicprivate partnership to develop rail infrastructure

Finance Minister Nirmala Sitharaman presents Union Budget 2019 in Parliament. PTI

Presenting the first Budget of the Modi 2.0 government Sitharaman said, 657 kilometres of the metro rail network has become operational across the country while railway infrastructure will need  50 lakh crore rupees in investment till 2030.

Saying that schemes such as Bharat Mala, Sagarmala and UDAN (Ude Desh Ka Aam Nagrik) are bridging rural-urban divide and improving transport infrastructure, she said: "public-private partnership to be unleashed to develop rail infrastructure".

The finance minister said as the world's third largest aviation market, time is ripe to enter aircraft financing and leasing from Indian shores.

She further noted that last mile delivery stood out and asserted that the government's objective has been and continues to be "Mazboot desh ke liye mazboot nagarik".

"The target of five trillion dollars economy in next few years is imminently achievable," she noted.

"We have shown by our deeds that principles of 'perform, reform, transform' can indeed succeed," she said adding that the NDA government in its first term had set the ball rolling for a 'New India' with a strident commitment to fiscal consolidation.

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