A confluence of factors has opened out opportunities for players in the railway segment. The National Metro Rail Policy (2017) indicated that cities with a population of over two million could opt for the Mass Rapid Transit System (MRTS).
The government announced 5,000km of Metro rail network by 2047 in 100 cities. The market overview of urban transit points to a thrust on Regional Rapid Transit System (RRTS), a semi high-speed rail that plans to lower the dependence on road-based travel.
RRTS, under construction by the National Capital Region Transport Corporation (NCRTC), will connect Delhi with its distant suburbs. The purpose is to improve regional connectivity within the National Capital Region (NCR). Besides this, two new RRTS corridors are in the pipeline in Telangana.
Metro is another growth driver. Apart from the existing cities, the upcoming Smart Cities as well as tier cities will connect commuters within the city through metro lines that can...