Govt steps for modernisation, expansion of Railways is welcome: Chief Strategy Officer, Tata Projects February 03, 2021 × The increase in expenditure budget by 34% shows the government’s commitment to ‘Future Ready’ railway The Budget has, for the first time in decades, undertaken bold steps towards modernisation and expansion of rail network, said Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects. Indian Railways has been in dire need of investment both in terms of passenger and freight movement. The increase in expenditure budget of Railways by 34 per cent demonstrates the government’s commitment to ‘Future Ready’ railway. The target of 100 per cent railway electrification will ensure not only faster trains but also pollution-free environment, he said.