- Hyderabad set to feature in new high speed rail plan
- High speed rail corridors aim to link growth cities
The Union government has proposed Hyderabad as a key city in a new plan to develop seven high speed rail corridors across major urban and economic centres in India. The proposal was announced during the Union Budget 2026–27 speech. The plan aims to improve connectivity between growth cities, cut travel time, and support regional development through faster passenger systems.
Finance Minister Nirmala Sitharaman said the proposed high speed rail corridors will act as growth connectors. She added that the corridors will also help reduce emissions and promote environmentally sustainable passenger transport. Hyderabad features prominently in the plan, with multiple routes linking the city to major technology and manufacturing hubs.
According to the proposal, the seven high speed rail corridors include Mumbai to Pune, Pune to Hyderabad, Hyderabad to Bengaluru, Hyderabad to Chennai, Chennai to Bengaluru, Delhi to Varanasi, and Varanasi to Siliguri. These routes will connect financial hubs, technology centres, manufacturing clusters, and emerging cities across the country. Therefore, the plan places Hyderabad at the centre of several key regional links.
Speaking in Parliament, the Finance Minister said, “In order to promote environmentally sustainable passenger systems, we will develop seven high-speed rail corridors between cities as growth connectors, namely Mumbai to Pune, Pune to Hyderabad, Hyderabad to Bengaluru, Hyderabad to Chennai, Chennai to Bengaluru, Delhi to Varanasi, Varanasi to Siliguri.” The statement underlined the government’s focus on clean mobility and faster intercity travel.
Meanwhile, the Finance Minister also announced the setting up of a high-level committee on banking for Viksit Bharat. This committee will review the entire banking system and suggest changes to support the next stage of economic growth. It will also focus on financial stability, inclusion, and consumer protection. She noted that Indian banks are now in a strong position, with healthy balance sheets, high profits, and improved control over bad loans.
Later, she said the government will review rules on non-debt foreign investments under foreign exchange laws. The aim is to make them more modern and user-friendly. In addition, an integrated programme was proposed for the labour-intensive textile sector, including a National Fibre Scheme to promote self-reliance in natural and man-made fibres.
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