India, Aug. 30 -- The Indian railway sector is witnessing very positive momentum due to visibility in revenues for several years, coupled with huge order books for public as well as private manufacturers.

The consistent investment by the government in rail modernization through high-speed rail networks, metro railways, and freight rails is contributing to consistent demand in the rail sector. The growth in the rail sector is being backed by diversified order books for passenger coaches, freight rakes, components, defense equipment, and energy solutions.

India is expected to contribute 40% of the overall global market share in rail by 2050. There was an announcement about the construction of 5,000 km of Metro rail network by 2047 in 10...