Urgent need of modernizing Indian Railways
The Indian Railways serves as the backbone of India's transportation requirements and is critical in augmenting the India growth story. In a move to improve the present situation of the Indian Railways in terms of its ability to cater to passenger requirements and freight operations, the Government has taken up various initiatives by way of making various policy changes and notifying new regulations, which not only contemplate to evolve and improve the railway operations but also opens up various opportunities for the private sector and the foreign investors in the predominantly government controlled Indian Railways.
India has already signed investment agreements with countries like China and Japan which will push railway networks towards modernization of stations and high-speed trains.
