FICCI suggests formulation of National Railway Plan


PTI, Jan 16, 2020, 11:28 AM IST

New Delhi: Industry chamber FICCI has suggested the government to formulate a national railway plan and reform procurement policy and processes to facilitate industry participation in the rail sector.

It has also recommended phased manufacturing programme, expansion of PPP (public-private partnership) model to newer areas, and closer collaboration with industry for the absorption of technology.

The recommendations are part of a report prepared by FICCI’s capital goods committee on opportunities for the industry with Indian Railways and metros.

The report highlighted various opportunities for capital goods sector under ambitious construction projects such as high-speed rail and dedicated freight corridors.

It said railways will offer new manufacturing opportunities worth Rs 28,000 crore per year.

The report enlisted 10 recommendations for policymakers to further facilitate industry participation in these opportunities.

“It includes the formulation of national railway plan, reforms in procurement policy and processes, strategic initiatives such as phased manufacturing program,” it said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Centre scraps ‘no-detention policy’ for classes 5 and 8 students who fail to clear year-end exams

Mumbra woman gets life in jail for killing son’s wife, his mother-in-law

Indian buyers still prefer physical dealerships over online mediums to purchase cars: Survey

Derogatory remarks row: Karnataka legislative Council chairman says no recordings available

‘Send Sheikh Hasina back to country’: Bangladesh writes to India

Software engineer in Bengaluru loses Rs 11.8 crore to ‘digital arrest’ scam

Apologise for always insulting Ambedkar instead of doing drama: BJP to Cong on campaign against Shah

Related Articles More

Epigamia founder Rohan Mirchandani dies of cardiac arrest at age 42

Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027

“FM ji FM ji, itna tax main kaise bharun”, asks investor Vijay Kedia in viral post

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm

Front-running case: Sebi bans 9 entities from market , impounds illegal gains of over Rs 21 crore

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Centre scraps ‘no-detention policy’ for classes 5 and 8 students who fail to clear year-end exams

Mumbra woman gets life in jail for killing son’s wife, his mother-in-law

Indian buyers still prefer physical dealerships over online mediums to purchase cars: Survey

Derogatory remarks row: Karnataka legislative Council chairman says no recordings available

‘Send Sheikh Hasina back to country’: Bangladesh writes to India

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.