New Delhi, Feb 1 (KNN) Railways will develop new products and efficient logistics services for small farmers and Small and Medium Enterprises (SMEs), besides taking the lead in integration of Postal and Railways networks to provide seamless solutions for movement of parcels, Union Finance Minister Nirmala Sitharaman said in her Budget speech today.

Further, bringing out new products, Railways will also roll out postal railways for carriage of parcels, giving a thrust to a new business area.

‘One Station-One Product’ concept will be popularized to help local businesses & supply chains, Sitharaman said.

The budget proposes to manufacture 400 new, energy-efficient Vande Bharat trains in the next three years. The railway sector will also see 100 Gati Shakti Cargo terminals, which will be developed in next three years.

“As a part of Atmanirbhar Bharat, 2,000 km of network will be brought under Kavach, the indigenous world-class technology for safety and capacity augmentation in 2022-23. Four hundred new-generation Vande Bharat Trains with better energy efficiency and passenger riding experience will be developed and manufactured during the next three years,” she said.

The Finance Minister noted that efforts of central and state governments are leading to jobs and entrepreneurial opportunities. (KNN Bureau)