Search Result for : Indian Railways

The Dollar Business Bureau Railway Minister Suresh Prabhu on Saturday said that the Government is working to transform the Indian railways to become a real growth engine for the economy, while stressing that it was a complex task to manage the largest public transport network.The Minister further said a lot of people provide advice on the functioning and managing of railways. “Some say, why are you not making a profit out of the railways. Another person will complain of charges. Somebody will ask why is the food not as good as the food we get in five-star hotels and at the same time, the next person will ask why are you charging Rs. 100 for a meal,” said Prabhu, while speaking at a function ...

The Dollar Business Bureau The Indian Railways is making plans to join hands with Malaysia to redevelop about 20 stations in Tier-II cities across the country. This project could attract nearly Rs 1 lakh crore in private investment the railways said. The redevelopment project entails infrastructure revamp at platforms and in the circulating areas.  The project also encompasses development of station areas for commercial purposes. The government has plans to construct hotels, eateries, shopping malls, office complexes and multiplexes in the excess land that railways has, for the developers to be used for 45 years.  For facilitating growth of Tier II cities such as Faridabad, Cuttack, Amritsar, Jamshedpur, Kochi, Jammu, and Bikaner, the Centre, state and local governments ...

The Dollar Business Bureau  Indian Railways will export to Sri Lanka train sets and modern locomotives worth around Rs.680 crore, in the largest shipment order for the Railways. Rail India Technical and Economic Service (RITES), the export arm of Railways, has got its biggest order from the Sri Lankan Railways for exporting 6 diesel multiple units (DMU) train sets and 10 broad gauge diesel locomotives. The separate locomotive is not required in DMU train sets as the engines are integrated into one or more than one of its coaches. All the train sets and locomotives would be installed with the cutting-edge technology and are manufactured in Chennai and Varanasi, according to a senior official from Railway Ministry. The supply contract ...

The Dollar Business Bureau The government is currently working on a plan to upgrade Indian railways, as the Ministry of Railways has announced Rs.500 crore investment to purchase high-speed locomotive and technology from global high-speed train manufacturers and suppliers.    In the first phase, the government will float a global tender to acquire ten high-speed electric locomotive trains with a capacity to run at 200 kmph and beyond. The Delhi-Mumbai and Delhi-Kolkata rail corridors will be upgraded first, making them suitable for clocking 200 kmph speed. At present, Shatabdi, Rajdhani and Duronto trains run at a maximum speed of 130 kmph on Delhi-Kolkata track. Only one high-speed train, Gatimaan Express, is running at 160 kmph on the Delhi to Agra route. The successful bidder will take responsibility of ...

The Dollar Business Bureau Railway Minister Suresh Prabhu on Thursday inaugurated key freight sector initiatives such as a new policy of long-term contracts’ with major customers, Indian Railways Freight and Passenger Business Action Plan 2017-18, confirmation trial of double stack dwarf container train under wire- a New Delivery Model and the demonstration run of roll on – roll off (RO-RO) service across the National Capital Region. The roll on - roll off service is a pilot project of Indian railways to promote green transportation through reducing road congestion and improving environment. Indian Railways earns two-third of its revenue from freight, primarily from the transportation of eight commodities. The global slowdown has also hit the country’s transportation sector, which has affected Railway’s freight earnings. Despite these ...

The Dollar Business Bureau  Industry experts have welcomed various proposals announced in the Union Budget 2017 in their initial reaction. They said that it has spelt out some definite measures to facilitate infrastructure development in the transport sector. The Finance minister proposed a railway outlay at Rs 1.31 lakh crore. He said that the railways will also set up -end-to-end transport solution for some commodities. Allocation to road infrastructure development has also been increased to Rs 64000 crore in FY2018. The government is also planning to set up a multi-modal logistics park. While speaking to The Dollar Business before the budget, Atul Kumar, Former Chief General, NHAI, said,” We need funds for national highways expansion and expect the Finance Minister to make some announcements in ...

The Dollar Business Bureau  With an aim to increase its revenues, the Indian Railways has formulated plans to make Rs.8000 crores via commercial development of railway land across the country. There are several areas near railway stations, colonies and workshops, which are lying idle and according to the plan, these unused sites would be developed commercially, said a senior official from the Railway Ministry. In order to commercially utilise these sites, Indian Railways has created a Rail Land Development Authority (RLDA). Presently, RLDA has been entrusted with 49 sites, that measures 497.21 hectares, for commercial development, the official informed. He further said the extent of revenue expected to be generated from these sites will be around Rs.7000 to 8000 crore. In addition to these 49 sites, ...

The Dollar Business Bureau The Indian Railways along with Asia Pacific Heritage & Rail Tourism Organisation (APHRTO) organised a conference on Heritage Rail Tourism in New Delhi from 19-21 October, 2016. The event, which saw the participation of countries such as Japan, UK, Germany, Australia and Taiwan, had Tim Fischer, Former Deputy Prime Minister of Australia deliver the keynote address in a curtain raiser held on 19th October 2016. The gathering was an opportunity for the participants to meet Union Minister for Railways Suresh Prabhakar Prabhu to discuss ideas on developing rail heritage tourism in India. The delegates who interacted with the minister include Adrian Shooter, David Morgan and Dr. Nui Taiwan. The meeting was followed by a visit of the dignitaries to the ...