With the increase in the operating ratio from 76 per cent in 2008 to 88 per cent this year,it will be a challenge for the Indian Railways to expand its the horizons and achieve faster accomplishments of strategies,feels Rajeev Jyoti,chairman of CII’s railway equipment division.
According to him,the projects might get deterred due to this and therefore,due attention should be given to minute details.
Jyoti,who is also president and managing director of Bombardier Transportation India,which produces metro rail coaches at Vadodara,foresees evolving trends in the
Indian Railways with the introduction of private-public-partnership (PPP) model and joint ventures for production of rolling stocks,station upgrade,and locomotive manufacturing units among others. Though the implementation of these trends will take some time,thought process has been initiated, he said in a statement while reacting to the Interim Railway Budget.
Investments in manufacturing of rolling stock and formulation of policy will enable manufacturers to bring in modern designs and technology from abroad to the Indian Railways.
The inclination towards modernisation in terms of technology,safety and security systems gives way to the past growth plans,he said.
The development of Dedicated Freight Corridor combats the freight share going down due to the global economic downturn since last year.
He added that if high-speed trains are introduced,rail journeys will be on par with air travel.