Indian Railways invests over $22 billion to improve infrastructure, enhance safety, and modernize services. The plan focuses on sustainability, growth, and achieving carbon neutrality by 2030. This was reported by the railway transport news portal Railway Supply.

Indian Railways
India’s high-speed train ‘Vande Bharat Express’ passes a railway bridge after being inaugurated by Prime Minister Narendra Modi, in Ahmedabad, India, September 30, 2022. REUTERS/Amit Dave

Modernization Efforts by Indian Railways

Indian Railways has allocated ₹1.92 trillion ($22.37 billion) this fiscal year for upgrades. These investments target faster, safer services through electrification projects, new lines, and rolling stock improvements.

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Finance Minister Nirmala Sitharaman expects to announce increased railway funding next month. The current ₹2.52 trillion budget may rise as the government focuses on eco-friendly infrastructure development.

The modernization plan aligns with India’s goal to achieve net-zero emissions by 2030. Electrification and sustainability remain priorities as Indian Railways upgrades its extensive 68,000-kilometer network.

Indian Railways Focuses on Safety and Sustainability

Investments include ₹344.12 billion ($4 billion) for safety improvements and ₹403.67 billion ($4.7 billion) for new trains. These measures ensure reliable operations, addressing passenger concerns over delays and overcrowding.

Vande Bharat sleeper trains are undergoing certification tests to enhance long-distance travel. Their debut will offer improved speed and safety, further modernizing the rail network.

Critics highlight challenges like competition from roads and airlines, stressing modernization needs. Indian Railways plans to tackle these issues by improving speed, efficiency, and eco-friendly practices.

Indian Railways targets an 8% revenue increase, expecting ₹2.8 trillion in earnings by 2024/25. Sustained investments in infrastructure aim to create a future-ready, environmentally sustainable railway system.

Source: www.reuters.com

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