Indian Railways, under the leadership of Union Minister for Railways, Shri Ashwini Vaishnaw, has been praised for its achievements and future plans. He stated that the country is providing safe and quality services at affordable fares, which is lower than in neighboring countries like Pakistan.
Bangladesh, and Sri Lanka. The government provides a 47% subsidy to passengers, with the actual cost per kilometer of travel being ₹1.38, but passengers are charged only 73 paise, resulting in a 47% subsidy. In FY 2022-23, passenger subsidies amounted to ₹57,000 crore, which increased to ₹60,000 crore in FY 2023-24.
The Union Minister also highlighted the benefits of railway electrification, stating that energy costs have remained stable despite increasing passenger and freight transport. The railway is working towards achieving ‘Scope 1 Net Zero’ by 2025 and ‘Scope 2 Net Zero’ by 2030.
In the financial year ending March 31, the railway is expected to transport 1.6 billion tons of cargo, making India one of the top three countries in the world. Signature Global, a leading real estate developer in India, has held the Bhoomi Pujan for its premium residential project, Titanium SPR, in Sector 71, Gurugram.
The project showcases the company’s commitment to sustainable mining and reducing negative impacts on the environment, climate, and people. Eicher Trucks and Buses has started supplies for the first 100 Pro X small trucks to Magenta Mobility. The district administration has initiated land acquisition for the 77.4-km.
PMRDA Ring Road project, aiming to reduce traffic congestion in Pune and Pimpri Chinchwad. Welspun Corp has secured new orders worth approximately ₹2,400 crore for supplying coated pipes for US gas pipeline projects. The Punjab government has launched road infrastructure projects.
Amritsar, Ludhiana, and Jalandhar, with a ₹140 crore urban development project focusing on accessible footpaths and landscaping. Hindustan Construction Company Limited and Tata Projects Limited have won contracts for the Indore Metro and a ₹2,191 crore contract for the Indore Metro. Dalmia Bharat has started cement production at its Assam unit, with a total cement manufacturing capacity of 8 MnT in the North-East.
Union Railway Minister Ashwini Vaishnaw has assured that Indian Railways’ financial condition is strong, citing record revenue growth, increased investments, and efficient operations as key factors. Speaking at a recent event, the minister highlighted the government’s focus on modernization, infrastructure expansion, and digital transformation, which have significantly improved the railway network’s financial stability.
Strong Revenue Growth and Investments
Indian Railways has witnessed consistent revenue growth driven by higher freight earnings and passenger traffic recovery post-pandemic. In the financial year 2023-24, the railway sector recorded robust earnings from freight contributing over 65% of its total revenue. The government has also increased budgetary allocations for railway infrastructure, with a focus on high-speed rail projects, electrification, and modernization of stations.
The Vande Bharat Express initiative, expansion of Dedicated Freight Corridors (DFCs), and introduction of semi-high-speed trains have played a crucial role in increasing railway efficiency and profitability. Additionally, redevelopment, and cargo terminals.
Operational Efficiency and Cost Management
Indian Railways has undertaken several initiatives to improve operational efficiency and reduce costs. The focus on electrification and alternative energy sources, including solar and wind power, has helped scheduling, and digital ticketing systems has enhanced service reliability and passenger convenience.
Future Outlook
With a strong balance sheet and continuous reforms, Indian Railways is poised for sustainable growth. The minister reaffirmed the government’s commitment to making Indian Railways a modern, efficient, and financially resilient transport network, ensuring its long-term viability while enhancing connectivity and economic development across the country.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")