No. PR – 316
September 8, 2022
New Delhi
Government is working on a stable policy framework to build a robust and globally competitive rail infrastructure, Shri Raosaheb Patil Danve, Hon’ble Minister of State, Railways,Coal & Mines, Government of India
To build a robust and globally competitive rail infrastructure the Government is working on a stable policy framework, which will cater to building world class railway stations, build capable railway tracks and increases remote connectivity, among other development, said Shri Raosaheb Patil Danve, while addressing the industry stakeholders at the PHDCCI’s 9th GLOBAL RAIL CONVENTION-2022 held today at PHD House.
Shri Raosaheb Patil Danve, Hon’ble Minister of State , Railways,Coal & Mines, Government of India, mentioned that railways are on route to world-class infrastructure. The master plan envisages a variety of projects which are under implementation.
The government has set the ball rolling to encourage prospective investments for development in the sector.
The Hon’ble Minister urged the industry stakeholders to contribute towards the development of the sector and assured that if all work together in the same direction then definitely we can harness the tremendous potential of Indian Railways, which will further spur the economic growth of the nation.
Mr. R.N Singh, Secretary & Principal Executive Director, Infrastructure, Railway Board, Ministry of Railways, congratulated PHDCCI for this relevant convention in line with PM Gatishakti master plan. He highlighted that India has 3rd largest railway network in the world. He mentioned that the underlying objectives of the plan is to ensure logistic efficiency by putting in place a coherent policy and regulatory and institutional framework. He also mentioned that 100 percent FDIs are invited to attract investment in the sector. These are expected to fill infrastructural gaps in the sector.
Railways has brought up some proactive policies for wider acceptability with an ambitious roadmap to meet the challenges of up gradation and technology advancement in the sector with an aim to provide world class facilities and stations to the passengers.
Mr Sanjay Aggarwal, Immediate Former President, PHDCCI, deliberated upon the Indian Railways as a key driver for India’s economic growth and development, with its network spreading to connect the far corners of our country, is currently focusing on up-gradation & capacity enhancement of its infrastructure networks fit for operating both freight and passenger trains at higher speeds, while simultaneously catering to future demand growth. The projects on the anvil are aimed with a long-term vision for Sustainable Development to create a Future Ready Ecosystem, with a strategic focus on enhancing Rail Infrastructure and opening opportunities for private partnerships.
It is also heartening to see that with the new culture of faster implementation of transformative reforms at policy levels, setting ambitious targets and pushing the boundaries along with a green signal for railway infrastructure growth is further fuelling the growth in this sector, added , Mr Sanjay Aggarwal.
Mr Ranjan Dhingra – Co-Chair, PHD Railways Committee, deliberated on new Infrastructure Developments and Modernization Initiatives with increasing use of digital technology, while working in a sustained manner to expand capacity substantially and create safe and modern all round infrastructures, with a simultaneous thrust on improving passenger comfort initiatives & rail tourism in the pipeline are further fuelling the growth of this important sector. Initiatives to open FDI investment, faster implementation of technology, mega electrification projects with an aim to provide passenger safety are also paving the way for further growth.
Mr Saurabh Sanyal, Secretary General, PHD Chamber, while presenting a formal vote of thanks mentioned that as Indian Railways expands, investment in modernized & new technologies, is the need of the hour, along with the use of Artificial Intelligence, Data Analytics & Modern Technology across its operations – from passenger to freight.
The Event was sponsored by Laraon Engineers, Indian Railway Finance Corp-IRFC ,Jindal Steel, &Power Ltd, Aggcon Equipments and PHDCCI’s Annual Sponsors – Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Central Coalfields Ltd ; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry