Creating a self-reliant railway ecosystem is intrinsic to realising the vision for a New India by 2047 (popularly referred to as ‘Amrit Kaal’), says Prithish Chowdhary, Deputy MD, Titagarh Rail Systems Ltd (TRSL). Speaking to Manish Pant after registering a 64 per cent surge in net profits and 11.4 per cent growth in EBITDA margin in 4QFY24, Chowdhary said the company is now focused on progressively expanding its products portfolio for the railway sector. In the long term, it would make railway components for the world by leveraging India’s cost advantages in manufacturing and engineering. Edited excerpts.
Why is creating a future-ready and aatmanirbhar rail ecosystem important in Amrit Kaal?
Let us first understand what is a future-ready Bharat. Here I will refer to one of the statements made by the Union Railway Minister [Ashwini Vaishnaw] on creating a ‘waitlist-free India in the next five years’. That will be a huge step for we all know presently one has to wait for weeks, if not months, to get a confirmed ticket. When that happens, passengers will be able to commute seamlessly.