Wednesday, April 26, 2017

RAILWAYS SEEK PRIVATE PARTICIPATION FOR ITS TRANSFORMATION AT PHD CHAMBER

Member, Rolling Stock, Indian Railways, Mr. Ravindra Gupta on Wednesday invited Indian industry to partner with railways for its complete transformation as the new government has a firm commitment to catapult railways in host of its operations beginning from railways safety to refurbishment of coaches and wagons including laying of new railways lines.

Addressing a 4th Global Rail Convention-2017 under aegis of PHD Chamber of Commerce and Industry here today, Mr. Gupta said that close to 6,000 coaches would be refurbished with retrofitting which offered huge opportunity for Indian Inc. to enlist its participation with railways as it involves thousands of crores of investments.

Likewise, new and additional railway lines would be added to the existing network of the railways which also offers tremendous opportunities for private sectors to take part with railways, emphasized Mr. Gupta

He was specific in making mention of Swachh Bharat initiative of Indian railways, pointing out that annually it spends close to Rs.1800-1900 crore on cleanliness of railways and its stations as its water bills alone range between Rs.750-800 crore per annum.  This also provides huge opportunity for private sector to partner with railways, added Mr. Gupta.

Executive Director Finance (RM), Railway Board, Ms. Namita Mehrotra in her remarks pointed out that safety and expansion of railways have undergone massive changes in the last two and half years after the new government has taken over.

The railways would spend Rs.131 lakh crores alone on its safety in next few years as also make huge investments on creating dedicated freight corridor in which trains carrying goods would run with efficiency and their cost of operations would be minimum so that goods transportation becomes cheaper and reasonable.

Ambassador of Czech Republic, Mr. Milan Hovorka; Minister Counsellor & Deputy to the Ambassador of France, Ms. Claire Thuaudet offering the expertise of their respective countries for efficient uplift of Indian railways at economic cost.


Among others who also spoke on the occasion comprised Member, Engineering, Railway Board, Mr. A K Mittal; President, PHD Chamber, Mr. Gopal Jiwarajka and its Chairmen of Railways Committee, Mr. Sandeep Aggarwal and Industry Affairs Committee, Mr. Sanjay Aggarwal including its Secretary General and Director, Mr. Saurabh Sanyal and Mr. Yogesh Srivastav.

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