Despite having the second largest rail network in the world, Indian Railways (IR) has not been able to bring it on growth trajectory. The rail sector is infested with challenges like snail´s pace expansion and modernisation, poor customer service
Tag: Indian Railways
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Grant infra status to shipbuilding sector
The Shipping Ministry has sought infrastructure status for the shipbuilding industry so as to provide impetus boost to the sector, Union Minister Nitin Gadkari
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60% rise in Titagarh Wagons
Titagarh Wagons Limited reported a 60 per cent jump in revenue for the March quarter
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Rs.8.5 lakh crore plan is for decongestion of network
Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
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Cabinet approves formation of SPV to major ports
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
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Indian Railways & Punjab Govt tie-up for rail projects
The Indian Railways and the Punjab Government have decided to form a joint venture company to fast track planned rail projects in the state as well as take up new projects, including creation of ultra modern railway stations and laying new railway tracks.
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Unit for handling transport logistics to be set up soon
The Indian Railways will set up a new state-owned entity, TRANSLOC, by July to handle transport logistics, a senior official said.
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NE states to get rail connectivity by 2020
The Indian Railways said most of the capitals of North Eastern states will have railway connection by 2020. ´All capital cities of North East states, including Sikkim, will be under Indian Railways map by 2020.
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Railways hopeful of higher GDP growth
Indian Railways´ target of increasing freight tonnage by an incremental 85 million tonnes (mt) in 2015-16, against the traditional annual average of 50 mt, might appear ambitious, but the national transporter believes achieving such growth will not be a big task.
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Need for speedy reforms
A holistic development model is required to push the sluggish growth in the ports sector. Looking at the bigger picture, from coal for power & steel plants to crude oil for refineries, ports provide a gateway for the majority of Indian trade.