Focus on improving railways infra for seamless traffic movement: Prabhu
The Dollar Business Bureau In order to create a proper logistics environment and seamless movement of traffic in the country, Ministry of Railways is focussing more to improve the railways infrastructure and also to speed-up the pace of infrastructure development, said Railways Minister Suresh Prabhu on Thursday. “Railway Ministry is focussing more on improving the infrastructure of Indian Railways to create a proper logistics and seamless movement of traffic,” said Prabhu at an event organised by ASSOCHAM in New Delhi. “Therefore, we have decided to create an infrastructure at much faster pace. Already we are creating infrastructure twice to speed than previous year and will increase every year,” he added. Citing the Ministry’s achievement, Prabhu said that his ministry has sanctioned around 16,500 ...
'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 ...
