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.

By: Express News Service | 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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