Indian Railways has increased its steps towards privatization. Railways have sought applications from private companies for 109 routes. Under which 151 modern trains are to be built. The private sector investment in this project will be 30 thousand crores. It may be known that last year IRCTC started the first private train of the Lucknow-Delhi Tejas Express. After this news, the railway-related stocks on the BSE closed with a bounce. IRCTC closed with a bounce of 3.56%. IRCON International Ltd closed 3.85% higher. At the same time, TITAGARH WAGONS LTD closed up 4.95% and TEXMACO RAIL & ENGINEERING LTD gained 12.86%.
IRCTC currently operates three trains - Kashi-Mahakal Express on Varanasi-Indore route, Lucknow-New Delhi Tejas and Ahmedabad-Mumbai Tejas. The railway network of the entire country is divided into 12 clusters and 109 pairs of private trains will run in these 12 clusters. Each train will have at least 16 coaches and this train will run at a maximum speed of 160 kilometres per hour. The private company will buy the rolling stock of trains, as well as maintenance will be seen by the same railways will give only drivers and guards.
The railway said that the objective of this initiative is to operate a train with modern technology in which maintenance is reduced and travel time is reduced. This will boost job creation, improve security and provide travellers with a global travel experience. '' Trains operated by private units will meet key standards such as timely running and arriving, reliable. He said that the operation and maintenance of passenger trains will be conducted according to the norms and requirements set by the Railways. The process of handing over some routes to private units will be completed in two phases. The first process began on Wednesday with eligibility requests.
UN council members express displeasure over Pakistan blaming India for Karachi attack
The impact of boycott of Chinese goods, India's trade deficit with China reduces
