India's Metro-Rail Industry Expanding Fast
The Metro-Rail segment in India is growing at a frantic pace with positive long-term prospects, supported by the impetus provided by the government by way of business-friendly policies and financial support. Use of advanced technology and digitisation will be the game changers as they will usher in a highly modernized and efficient Metro-Rail transport system in India.
The Metro Rail Mass Rapid Transportation Systems (MRTS) has been widely accepted as an alternative to mass transport in urban India due to the increasing population, heightened vehicular traffic, and environmental pollution. MRTS and Metro rail construction activities are being undertaken across the country, towards which the government has allocated ₹23,500 crore from this year’s Budget.
Around 702-km of conventional metro is operational and another 1,016-km of metro and RRTS projects are under construction in 27 cities. Before the year 2014, only 225 km of metro network became operational in 10-12 years. However, with the frantic pace of metro construction in India during the last six years, over 450 km of metro network has become operational.
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NBM&CW May 2021
