New Delhi, July 09 (ANI): The Confederation of Indian Industry (CII) hailed the railway budget that sought public-private partnerships to finance the bulk of future railway projects to modernize the vast but underfunded network. Indian railways minister Sadananda Gowda_s move to push private investment signals the appetite Prime Minister Narendra Modi_s new government has for taking tough and unpopular decisions he said are needed to revive the economy. CII vice-president, Raj Seth, said railways lacked adequate infrastructure to meet the demands.