Get latest articles and stories on Business at LatestLY. New Delhi [India], February 1: The Interim Budget is expected to maintain its focus on key sectors such as infrastructure, power, and railways, reflecting the government's continued emphasis on these areas. In the previous fiscal year, the Indian Railways received a record allocation of Rs 2.4 lakhs crores in the last union budget which is four times of the allocation of Rs 60,000 crore in Union Budget in 2014, indicating a commitment to modernisation of Indian Railways and development of Railway infrastructure. We expect a further increase in the budget allocation for railways in the upcoming fiscal year, with the aim of supporting modernization initiatives such as faster trains, upgraded stations, improved safety features, and the expansion of freight corridors. Railways plans to introduce 3,000 new passenger trains in next few years to cut down waiting time for expected 1,000 crore passengers in next few years. Business News | Big Opportunity for Indian Forging Companies to Contribute in Indian Railway Growth Story - Yuvraj Malhotra, CMD, Hilton Metal Forging Ltd.