Make in India: Rs 40,000 cr contracts given to Indian, foreign firms, says Suresh Prabhu

The railway minister, speaking at the United Nations Young Changemakers’ Conclave, asserted that the railways is one of the most eco-friendly modes of transport requiring a qualitative and quantitative boost.

| Mumbai | Published: January 10, 2016 1:57 am
Suresh Prabhu, railway minister Suresh Prabhu, make in india, PM Modi, Modi scheme make in india, mumbai news Suresh Prabhu

UNION RAILWAY Minister Suresh Prabhu on Saturday underscored the partnership between Indian and foreign firms as being crucial for turning the “Make in India” campaign into a success. Prabhu’s ministry, he said, has handed over contracts worth Rs 40,000 crore to both foreign and Indian companies, that will, in a first, set up two locomotive-manufacturing factories in India.

The railway minister, speaking at the United Nations Young Changemakers’ Conclave, asserted that the railways is one of the most eco-friendly modes of transport requiring a qualitative and quantitative boost.

“There are 27 million people traveling by trains every day in India,” he said. “The odds are against us but we have to deal with it to make it even.” he said on a lighter note.

The skewed GDP in India, according to the minister, had resulted in the manufacturing sector having not taken off. India and Japan had December last year signed 16 agreements in various fields. One among which was the agreement on high-speed trains. , Prabhu said. He lauded the Japanese for having followed the “best” practices. “The Japan agreement is aimed at bringing in India transportation services that are environment friendly,” he said.

In contrast, Congress spokesperson Sanjay Jha called the Make in India campaign a “myth”. Jha was critical of the government’s idea of bringing in foreign investment while “ignoring” the very “basis” of the Indian economy which, he said, was the agriculture sector.

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  1. S
    Sirius
    Jan 10, 2016 at 1:15 pm
    High technology needs huge investments , which the Indian industrialists are unwilling to commit now on their own . The Govt. will need to take a lead to incentivize big ticket investments e.g., railways , shipbuilding, ports , petrochemical plants, m rapid transport, water management etc. We can analyze the reasons why we reached this stage later, first we need to get the public investment back on track ...
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    1. R
      rameshnk
      Jan 10, 2016 at 5:20 am
      Congress says so much for the agriculture, but agricutlure stagnated and farmers were increasingly in distress under their rule. They only hankered on subsidies, MNREAGA and the like, loan waiver. etc. How much of MNREGA has reached the end beneficiary is a big question mark.Congressis plerase stop your Gyan. Let the NDA do their job.u
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