Suresh Prabhu Likens Railways to 'ICU Patient'
Kolkata: Likening the Indian Railways to an ICU patient, Railway Minister Suresh Prabhu on Friday said the public transporter was suffering because of neglect and lack of investment and the government would invest $120 billion in the next five years.
Indian Railways was suffering because of neglect over several years and lack of investment in infrastructure development, the minister said.
"In the last several years we have not invested as much as should have been invested," Mr Prabhu said at the Eastern Railway headquarter in Kolkata.
"Because of neglect over several years, Railways is suffering," he said.
The minister said that steps were being taken to rectify these, but this would take some time before results were visible.
"You cannot increase the number of trains or rolling stock with the given infrastructure," he said.
Illustrating the present state of Indian Railway, Mr Prabhu said an ICU patient cannot be expected to join a marathon race against the Chinese railway now.
"A marathon cannot be done by an ICU patient and today's Indian Railway cannot be compared tomorrow with Chinese railway. We must first understand where railway was and in that context we must compare today's railway with any other railway," Mr Prabhu said earlier at a Bharat Chamber of Commerce session.
Emphasising that the government needs time to make up for the past, he said, "We are starting to run from zero point and still want to win the race" adding that in the next five years the government was investing 120 billion dollar in the railways.
"Many of the problems that we face today is because of the lack of investment in the past and also because modernisation has not been initiated in the railways," Mr Prabhu said.
He said that Indian Railway is always compared with that of China but to reach that stage India must make investments.
Mr Prabhu during the day also inaugurated a mobile-based application system introduced by Eastern Railway, R-Mitra, to ensure women's safety and said that it is an "extremely useful app" that could be used by regional railways nation-wide.
"Around 2.7 crore to 3 crore people travel in the Indian Railways system on a day-to-day basis. Different types of crimes are committed by anti-social elements," Mr Prabhu said.
"It is a big challenge to deal with crime in railway properties," he said adding tracking and preventing crime was very important.
Mr Prabhu said that lack of capacity in trains was visible during festivals like Durga Puja or Chatt when the demands increase.
The minister said that the Railways was working on a new coach design and noted that cleanliness has increased significantly.
"But I am not happy, there is a long way to go," he said.
"However, in short time we have shown some results," he said adding "we have a different vision."
The minister said that 17 states have signed agreements with Railways for joint venture projects.
"I hope West Bengal will also join after considering the benefits," Mr Prabhu said.
During the programme at the Bharat Chamber of Commerce, the minister said that the railway was not getting enough cargo, though it has a capacity to handle 1.2 billion tonnes annually.
"We are very geared up to handle cargo of up to 1.20 billion tonnes this year. We are ready. We told the CM (Mamata Banerjee) also that we can handle more coal but we are not getting enough cargo," Mr Prabhu said at a Bharat Chamber of Commerce session.
Mr Prabhu described Railways as the most eco-friendly form of transport which is a key component of the 'Make In India' programme.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.