India to trial run freight train from Dhaka to Istanbul
The Dollar Business BureauTaking a leaf out of China’s book, India is currently exploring the possibility of operating a transcontinental rail freight service linking Bangladesh with Turkey, covering a total of 6,000 km journey through various countries - Bangladesh, India, Pakistan, Afghanistan, Iran and Turkey. A high-level delegation consisting of railway officials, policy makers from nine South Asian and South-West Asian and Central Asian, along with representatives from several international and regional organisations, as well as the private sector will meet in New Delhi to contemplate upon the opportunities and hurdles of this ambitious connectivity project. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in collaboration with the Indian Railways Ministry has organised the meeting, ...
'Indian Railways require massive investments till 2032'
The Dollar Business Bureau Indian railways would require investments worth about 32 lakh crores till 2032, according to the National Transport Development Policy Committee. “We need to increase the investment 3-5 times,” said the Indian Railways’ Advisor-Infrastructure Girish Pillai at the Federation of Indian Chambers of Commerce and Industry (FICCI). As part of the Indian Railways’ five-year Action Plan, the government aims to increase the share of rail freight transport on its network from current 30-35% to 50%, on the lines of the US, Russia and China. Currently, 65% of Indian trains are dedicated to passenger movements, which contribute less than 30% of the total revenue, while remaining 70% of its revenue is covered by about 35% of freight trains. He pointed ...
