The Government of India has allocated nearly $18.97bn (Rs1.4tn) for the Indian Ministry of Railways this year as part of Union Budget 2022.

The Indian Railways will work towards the development of new products and logistics services to support small farmers and Small and Medium Enterprises.

Additionally, the concept of ‘One Station-One Product’ will be promoted to aid local businesses as well as supply chains.

In the upcoming three years, the railway industry will witness the inclusion of 100 Gati Shakti Cargo terminals for multimodal logistics centres.

Furthermore, the Indian Government will make advancements towards new ways of financing and faster implementation for the development of metro systems of suitable type at scale.

Work will also be directed towards promoting multimodal connectivity between mass urban transport and railway stations.