Titagarh’s Chowdhary Says Indian Railways Raising Too Much Debt
This article is for subscribers only.
J. P. Chowdhary, chairman of Titagarh Wagons Ltd. comments on the Indian Railways’ budget released today by Minister Mamata Banerjee.
The $12.7 billion budget plan outlay involves doubling of borrowing to $4.5 billion in the year starting April 1. Additional investment will come through private industry participation through public-private partnerships. Chowdhary spoke to reporters in New Delhi.