Oct 18, 2012

78-day PLB to the Railwaymen for 2011-12 has been approved

78-day PLB to the Railwaymen for 2011-12 has been approved by the Finance Ministry Orders to this effect will follow shortly.

Indian Railways opens the door to joint ventures

Indian Railways opens the door to joint ventures

Philip Wormald
INDIAN Railways (IR) has formulated a new public private partnership (PPP) policy that will allow international suppliers to form joint ventures with existing production units and workshops.


India's newly-appointed railways minister Dr CP Joshi has approved the policy document, which will now be submitted to the cabinet.

IR needs to secure Rs. 1trillion ($US 18.9bn) in private sector funding during its 12th planning period (2012-13 to 2017-18) to set up new production sites and establish other facilities.

Under the proposals 10% of shares in two IR subsidiaries, Ircon and Rites, will be sold off. IR is also actively considering an offer from Siemens to form a joint venture with India's largest passenger coach manufacturing plant at Kapurthala in Punjab.

IR plans to build 4000km of new lines over the next five years, in addition to the 2938 km of Dedicated Freight Corridors already planned. Around 5500km of gauge conversion, 7653km of track-doubling and 6500km of electrification are also included in the 12th plan.

Over the next five years, IR proposes to build around 40,000 coaches and 6000 locomotives. With funding in short supply, it currently manufactures around 2500 coaches and 500 locomotives annually.

Once adopted, IR hopes the new PPP policy will speed up the implementation of investment projects. IR says the new policy will be finalised by December.
Source - rail journal.

Railways to carry Kerala vegetables to Delhi

Thiruvananthapuram, Oct. 17:
Indian Railways has inked a pact with the Kerala Horticulture Development Corporation (Horticorp) for carrying fresh vegetables, fruits and farm produce from the State to New Delhi.

As part of the scheme, Railways will provide required space in New Delhi-bound Kerala Express for carrying vegetables on a regular basis, a railway release said.

Horticorp will procure and load the items. The first consignment of banana was flagged off by Kerala Agriculture Minister K.P. Mohan on Tuesday.

Source -  the hindu businessline

 

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