Date Of Post: 03 Jan, 2018
New Delhi: The Railways has set a target to triple its freight traffic to 3 billion tonne by 2030, said Union Railway Minister Piyush Goyal. The railways was looking to come out with a “reciprocation” strategy on bidding for major projects, he said.
- Goyal said, under the strategy, companies from only those countries which allow Indian firms to bid for their development projects would be allowed to participate in similar projects in India.
- The minister said,”As we are taking steps to become a USD 10 trillion economy, we want to increase the share of railways freight traffic to 3 billion tonne from the current 1.1 billion tonne.”
- The plan was to increase the railways’ share in the overall goods movement to 50% from the current share of around 35%, Goyal said.
Image Credit: RailAnalysis India