National

No proposal for privatization of Indian Railways: Piyush Goyal

Union Railway Minister Piyush Goyal has said that no specific passenger car has been identified so far for private companies to run. On Thursday, Goyal gave this information in response to a written question regarding the services of private companies to run passenger trains in the Lok Sabha.

 He said, in order to provide world-class services to travelers, however, various options are being examined including the participation of private companies to run passenger trains by Indian Railways. In response to another question, the Railway Minister has said that there is no proposal to privatize Indian Railways.In response to another question regarding the most disadvantage of the poor class due to the widespread privatization of public services, Goyal said, in the report presented to the UN General Assembly in September 2018, the challenges of privatization that are largely for the protection of human rights Has been highlighted. Nonetheless, there is no proposal to privatize Indian Railways.

Responding to a question about not taking interest in heavy investment activities, such as rail lines being laid by private companies, the Railway Minister said that the existing Indian railway network will provide connectivity to the ports, mines and industrial clusters from the end to the final end. Projects on private participation (PPP) related competition policy have been started. He said that in this, strategic partners including Public Sector Undertakings (PSUs), State Government and Private Industries have come forward and invested in Joint Venture Special Purpose Project (SPV).

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