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.
Tag: Indian Railways
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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.
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Japanese majors eye electric loco supply deal
Japanese majors, such as Toshiba, Kawasaki Heavy Industries, Mitsubishi Corporation, Mitsubishi Electric and Mitsui are keen on participating in the supply of 200 electric locomotives to Indian Railways for use on the Western Dedicated Freight Corridor and its feeder lines.
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Railways to complete 34 NE projects
The Centre aims to complete 34 various ongoing projects of Indian Railways in the Northeast (NE) over the next 5-6 years that will entail an additional investment of around Rs 35,000 crore.
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New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.