Railways needs to increase earnings, reduce expenditure: Manoj Sinhahttps://indianexpress.com/article/india/railways-needs-to-increase-earnings-reduce-expenditure-manoj-sinha-5339510/

Railways needs to increase earnings, reduce expenditure: Manoj Sinha

The Minister of State for Railways also exhorted Indian Railways to utilize its resources and become the largest producer of solar energy.

Indian railways, reduce railways expenditure, increase railways revenues, Indian railways to produce solar energy, Union Minister Manoj Sinha, electric power for railways, Niti Aayog CEO Amitabh Kant, Indian Express
Manoj Sinha said that Indian Railways has electrified 4,000 km route in 2017-18, and in 2018-19 it targets to electrify 6,000 km route. (Express photo by Amit Mehra/File)

Indian Railways needs to increase its earnings and reduce expenditure and at the same time use its resources to produce solar energy, said Union Minister Manoj Sinha while speaking at a Conference on E-Mobility in Indian Railways Tuesday.

The Minister of State for Railways said in 2017-18, railways electrified 4,000 km route and in 2018-19 it targets to electrify 6,000 km route.

He also exhorted the railways to use its resources and become the largest producer of solar energy by providing its spare land.

Speaking at the same event, Niti Aayog CEO Amitabh Kant said battery storage will be the key driver of e-mobility.

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Kant pointed out that the market share of the railways sector is falling rapidly. “It is not good for the country. Railways will have to play a critical role in India’s economic development,” the Niti Aayog CEO said.

Noting that out of the 20 most polluted cities in the world, 14 are in India, Kant said if India will use electric power then it will be able to reduce both pollution and import bill.

Railway Board Chairman Ashwani Lohani said the government is looking at creating fast speed corridors. He also stressed that the railways will have to improve services to its clients.