According to Goyal, the Indian Railways will never be privatized. It is, he claims, the property of any Indian citizen and will remain so in the future.
Indian Railways will not be privatized! Railway Minister Piyush Goyal announced on Tuesday that the national carrier would never be privatized. However, he noted that private investment should be encouraged in order for Indian Railways to work more efficiently. In response to a question about Demands for Grants for Indian Railways, the Railway Minister said. That no railway passenger has died as a result of a rail accident in the last two years. The national transporter has placed a high priority on passenger safety. He was quoted in a PTI report as saying that the country can only advance to high growth and generate more jobs. If the public and private sectors work together. He was quoted in a PTI report as saying that the country can only advance to high growth. Generate more jobs if the public and private sectors work together.
According to Goyal, the Indian Railways will never be privatized. It is, he claims, the property of any Indian citizen and will remain so in the future. The minister went on to say that Indian Railways will continue to work with the government of India. The Modi government raised its investment in Indian Railways to Rs 2.15 lakh crore in the financial year 2021-22, up from Rs 1.5 lakh crore in the previous fiscal year. His ministry, he said, is focusing on passenger safety. There have been no passenger deaths in the last two years. And the most recent passenger death caused by a train crash occurred in March 2019, according to the Railway Minister.
Last year, the Railway Ministry issued a request for proposals for private sector participation in the service of passenger trains on 109 OD pairs of Indian Railways routes, with the introduction of 151 modern trains. The Railway Ministry had previously reported that the 109 OD pairs had been group into 12 clusters across the Indian Railways network. There will be at least 16 coaches on each of these trains. The project will require a private sector investment of about Rs 30,000 crore. The private sector claim to be the first of its kind for operating passenger trains on the Indian Railways network.