Rail is considered very important for the people of India. Because rail travel is cheaper than other means of travel. Please tell that in the Modi government, Union Railway Minister Piyush Goyal said that in the next four to five years, 100% electrification of Indian Railways will be done, along with this it will be the world's largest railway network. Goyal said these things at the eighth global energy policy conference on Thursday. He said that the railway is electrifying its entire network at a rapid pace. It is expected to be operated with a hundred percent electricity in the next four to five years, which will be the largest such network in the world.
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In his statement about rail, Goyal said that the government has taken several initiatives to promote investment in the energy sector. All power generating companies will be eligible for a low-income tax rate of 15 percent for all new investments coming into this sector. By 2030, the Railways will invest 20 GW in solar power generation. He said that it will also send a message to other countries that they should also consider adopting electrification.
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Apart from this, Goyal said that India is ready for change in energy usage and it is being monitored at the highest level to ensure that India also becomes a partner in the global efforts to make the world a better place to live. In the context of coal, he said that we are very conscious of our commitments to reduce energy emission levels in the world. No new plant has been approved in the last six years. The use of LED bulbs in place of normal bulbs has reduced carbon oxide emissions by over 80 million tonnes every year.
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