July 25, 2014 7:00 PM

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Govt revises investment target for DFC to Rs 80,000 crore

Government has revised investment target for Dedicated Freight Corridor (DFC) from 27 thousand crore rupees to 80 thousand crore rupees. Addressing the ASSOCHAM conference in New Delhi today, Railway Board Chairman, Mr. Arunendra Kumar said expenditure on land acquisition has multiplied several times leading to increase in investment target. Mr Kumar said Government will construct more corridors and more investment which will bring down the cost and enhance the technological levels in Railways. Talking to Media, ASSOCHAM President Mr. Rana Kapoor said India needs to urgently act on developing connectivity to ports, mines and power plants by fast tracking DFC which will provide strong impetus to the economy. He also said that timely execution of projects will boost manufacturing output to 25 percent of GDP by 2025 and result in job creation.

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