Often called the lifeline of the nation, the Indian Railways, of late, has been reeling under challenges, primarily due to inadequate investments in upgradation and modernisation of infrastructure. This resulted in the Ministry of Railways launching an ambitious investment plan of Rs 8,560 billion for fiscals 2016-2020. The Railway Budget 2019-20 saw overall allocation towards railways increasing to Rs 1,608 billion vis-à-vis Rs 1,038 billion in fiscal 2018. The considerable increase in total investment outlay with budgetary support of ~40%, underscores the government’s vision to transform the Indian Railways.
In the past couple of years, the Ministry of Railways has launched various marquee initiatives in this direction. These include Project Swarn and Project Utkrisht for improving passenger amenities; conversion of diesel to electric locomotives; launch of the indigenously developed Vande Bharat Express, India’s first semi high speed train, under Mission Raftaar; introduction of air conditioned EMU rakes for Mumbai suburban rail network; introduction of dwarf containers to promote containerisation; rationalisation of energy mix; amongst others. The most awaited infrastructure projects in railways is the Dedicated Freight Corridor Project, which will bring about a paradigm shift in freight transportation by rail once commissioned by March 2020.
The investments and initiatives of the Ministry of Railways for transformation of railways are multipronged, cutting across various facets of railway transportation. The focus areas include enhanced safety, technological improvement and development, infrastructure augmentation and development, improvement of passenger services, customer centric freight policy, energy efficiency, and research and development. Safety has been given utmost importance as highlighted by an increase of 138% in expenditure on safety related activities in fiscal 2019 from fiscal 2010.
With these initiatives underway, the Indian Railways is bound to see a radical transformation in the coming years, which will also accelerate India’s economic growth.
About Rail India Conference and Expo
Now in its 4th annual edition – Rail India Conference and Expo organised by Messe Frankfurt India has established itself as the premier event for the Railway Sector in India. It provides an excellent knowledge exchange platform and the most ideal meeting place for the top authorities, experts and professionals in the railway sector from all over the world, to share the latest information, developments in the sector and modern ideas on upgrading rail infrastructure, safety and other potential areas of improvement.
The conference shall feature technical sessions, presentations and mini expo, and will open up new avenues for learning about the modern technologies, prospects and growth opportunities that lie ahead of the Indian Railway sector.
THE LALIT, NEW DELHI
Near Barakhamba Road, Polic Station, Connaught Place, New Delhi - 110001
Event Days: Thursday, Friday
Event Date: 29 — 30 August 2019
Start Time: 9.00 am
End Time: 5.00 pm