Connect with us


Make incentives in India! Indian Railways sees over $ 4 billion investment in world-class passenger trains



Indian Railways has identified 12 independent groups with 109 origin-destination routes.

Mass Promotion ‘Make in India’ for Indian Railways! Recently, the Modi government has announced two main initiatives to seek private investment, one is the running of passenger trains by private operators on the Indian Railways network and the other is the redevelopment of railway stations across the country. According to Indian Railways, these projects have the potential to bring in an investment of over $ 7.5 billion over the next five years. The national carrier has stated it is looking at over $ 4 billion in investments with private passenger train services. Recently, the Ministry of Railways headed by Piyush Goyal has invited domestic as well as global investors to actively participate in the bidding process for these initiatives.

The private investor will be responsible for finance, design, procurement, maintenance, operation of trains along with the configuration or updating of train maintenance depots. Also, the investor will be responsible for the punctuality, reliability and maintenance of the trains. Giving a ‘Make in India’ boost, the investor will secure resources through domestic production in one phase (only three trains can be imported). On the other hand, Indian Railways will provide access to railways and other fixed infrastructure, at the top of the road, access to the landfill site, as well as access to washing lines. The national carrier will also provide an equal advantage to premium Indian Railways trains. To operate the trains, the pilot and location guards will be provided by Indian Railways as well.

Indian Railways has identified 12 independent groups with 109 origin-destination routes. On these lines, up to 151 passenger trains are expected to be operated by private players. According to the national carrier, some of the reasons to invest in this project are proven unfulfilled demand, long-term concession, infrastructure created, operational freedom. During 2019-19, the total number of passengers of non-suburban origin was 3.65 billion and the number of passengers on the waiting list was 88.5 million.

Private investor rights will include price, service and operational flexibility. Also, the investor will have the right to choose prohibitions, freedom of procurement of rolling stock. Liabilities and payments to investors include fixed transport tariffs, indexed annually; energy tariffs by facts and% of gross revenue share.

It will be a two-stage bidding process. The first phase includes RFQ for pre-qualification based on financial capacity (50% of the estimated cost of the project) and the second phase includes RFP financial offers.

Speaking about the importance of the project, Amitabh Kant, CEO, Niti Aayog said, “This is a paradigm shift in what Indian Railways has done … it will rewrite India’s growth history. Private entities will source and operate “Trains using Indian Railways infrastructure. This is a win-win situation for the private sector and Indian Railways. It involves an investment of about Rs 30,000 crore of $ 4.3 billion. The aim is to meet unmet requirements.”

Get Direct Stock Awards from BSE, NSE, US Market and latest NAV, Mutual Funds portfolio, calculate your tax from Profit Tax Calculator, know the markets top winners, top losers and best equity funds. Like us in Facebook and follow us further tweet.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest Biz news and updates.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content