The Industry Chambers on Wednesday supported Indian Railways’ move to increase fares.
“It is important that fares were rationalised. It was not revised for more than a decade and Railways were suffering,” said Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII).
The fare hike is marginal. The Railways would garner nearly Rs 60,000 crore after the revision, which would help in improving safety and improvise technology, Banerjee added.
The Associated Chamber and commerce and industry of India (ASSOCHAM) said such a hike has become inevitable in the wake of rising cost of operations.
“Railway infrastructure was in dire strait and the increase in the passenger fare was necessary to bring the railway back on tracks,” said Rajkumar N Dhoot, President of ASSOCHAM.
“To make railway viable and a growing enterprises, the government should not shy away from increasing the tariff as and when necessary”, added Dhoot.