• The Indian Railways is the largest rail network in Asia and the world’s second-largest under one management.*
  • India has the fourth-largest railway system in the world, behind only US, Russia and China.*
  • The Indian rail network has 123,542 km of total tracks over a 67,415 km route and about 7,300 stations. *
  • The railways run close to 13,523 passenger trains and 9,146 freight trains daily on its network. *
  • Indian Railways is the single largest employer in India and the eighth largest in the world; employing close to 1.3 Mn people.*
  • The Indian Railways aims to be the driver of India’s economic growth and development by being safe, financially viable and environmentally friendly. The focus to achieve this goal is through the resolution of key concerns such as passenger experience, zero fatality, cost, sustainability.*
  • Under MAKE IN INDIA initiative, As per DPIIT orders on public procurement: More than 95% of Electric Locomotive components to be sourced indigenously.*
  • Indian Railways has a total Broad Gauge (BG) network of 64,689 Route kilometers (RKM) including 740 RKM of Konkan Railway. Out of these 45,881 RKM i.e., about 71% has already been electrified till 31.03.2021.*
  • 6 pairs of Vande Bharat Express and 4 pairs of Tejas Express services are being operated by Indian Railways
Reasons to Invest
  • 100 Gati Shakti Cargo Terminal (GCT) to be developed till 2025.*
  • National Rail Plan aims to increase share of freight traffic from current percentage of 27 to 45 by 2030.*
  • Cabinet approves policy on long term leasing of Railways Land for implementing PM Gati Shakti framework.*
  • The project ‘Utkrisht’ aims to improve the condition of 66 important identified Mail/Express trains, consisting of 140 rakes. 90 rakes have already been renovated till the year 2018-19. Phase 2 of the project will cover 500 rakes.*
  • By December 2023, the entire rail network will be fully electrified and by 2030, the entire rail network will run on renewable energy.
  • The National High-Speed Rail Corporation Limited (NHSRCL) has launched the high-speed train corridor project between Ahmedabad and Mumbai. The project, commonly referred to as the ‘Bullet Train’ project, is being implemented with technical and financial assistance from Japan. The high-speed railway line covers a distance of 508.2 km in approximately two hours with an operating speed of around 320 kmph. It is expected to become operational by 2023. Of the total project cost, 81% is in the form of a loan from Japan International Corporation Agency (JICA).*
  • The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is an undertaking by the Ministry of Railways to overlook planning, development and mobilisation of financial resources, construction, maintenance and operation of the Dedicated Freight Corridors. Two projects have been commissioned under the DFCCIL – the Eastern Dedicated Freight Corridor and the Western Dedicated Freight Corridor. The two corridors Eastern   Dedicated   Freight   Corridor   (EDFC)   from Ludhiana to Sonnagar and the Western Dedicated Freight Corridor (WDFC) from Jawaharlal Nehru Port Terminal (JNPT) to Dadri will be developed with a length of 1337 km and 1506 km respectively. These corridors provide India with the opportunity to create one of the world’s largest freight operations. So far, 1110 km out of total sanctioned length of 2843 km of DFC has been completed.
  • The freight carrying capacity would be 13,000 tonnes, up from the current 5,000 tonnes. The length of the goods train will also increase from 700 meters to 1500 meters.*
  • Certain stations have been identified to be developed as per international standards with modern facilities and passenger amenities on the lines of newly developed airports, using PPP model. The approval of redevelopment of Gwalior, Nagpur, Sabarmati and Amritsar Railway Stations through Public-Private Partnership has been granted by the Private Partnership Appraisal Committee.*
  • The ‘Green Energy Project’ is an initiative to make Indian Railways environment friendly by focussing on renewable sources of energy. Indian Railways has planned to install 1000 MW of solar power plants and about 200 MW of wind plants by 2022-23. Out of this, about 204.82 MW (101.42 MW solar and 103.4MW wind power) renewable power has already been set up. Most of the Solar power plant work will be done in Public Private Partnership Mode. The Indian Railways has signed an MoU with GAIL (India) Ltd to provide infrastructure and supply of CNG/LNG/PNG for both industrial and domestic purposes. This replacement by Natural Gas is expected to reduce costs by INR 20 cr per annum for the Indian Railways.*
  • Special Trains have been planned to connect major destinations across the country to ensure smooth and comfortable travel to the passengers, during the festive season.
  • Indian Railways (IR) has planned for installation of solar energy projects on unused vacant Railway land. State-wise details where action has been taken for installation of Solar electricity projects on unused vacant Railway land are as follows: Chhattisgarh- 50 Mega Watt (MW) at Bhilai; Uttar Pradesh – 3 MW at Modern Coach Factory, Raebareli;  Haryana- 2 MW at Diwana (near Panipat); Madhya Pradesh- 1.7 MW at Bina; Maharashtra- 15 MW Buttibori (Nagpur).
  • The objective of the NRP Plan is to create capacity ahead of demand, which in turn would also cater to future growth in demand right up to 2050 and also increase the modal share of Railways to 45% in freight traffic and to continue to sustain it. 
  • Vision 2024 has been envisaged to achieve targets of 2024 MT freight loading by 2024. *
  • Indian Railways aspires to add ~1.5% to the country’s GDP by building infrastructure to support ~45% modal freight share of the economy.*
  • In order to achieve its green mission, Indian Railways has solarised more than 960 stations across. *
  • One of the most vital transportation emissions mitigation strategies agreed to by the Government of India was increasing the share of Indian Railways in the movement of freight from the current ~35-36% to 45% by 2030.*
  • The Ministry of Railways (MoR) has decided to undertake survey and prepare the Detailed Project Report (DPR) for seven High Speed Rail Corridors as under:-
    1. Delhi - Varanasi.
      Delhi - Amritsar.
      Delhi - Ahmedabad.
      Mumbai - Nagpur.
      Mumbai - Hyderabad.
      Chennai - Bangalore - Mysore.
      Varanasi – Howrah.

Explore more about infrastructure availability in Railways sector >

Key Achievements
  • Railway stations with 'Eat Right' certification includes Bhopal, Anand Vihar Terminal Railway Station; (Delhi), Chhatrapati Shivaji Terminus; (Mumbai), Mumbai Central Railway Station; (Mumbai), Vadodara Railway Station, Chandigarh Railway Station.*
  • During 2014-22, 1544 km (377 km New line, 972 km Gauge conversion and 195 km Doubling) sections, falling fully/partly in North Eastern Region, have been commissioned at an average rate of 193 km per year, which is 190% more than average annual commissioning achieved during 2009-14 (66.6 km per year).*
  • Indian Railways has introduced a new era and a paradigm shift of train travel experience with enhanced comfort with the conversion of Rajdhani Express coaches with new upgraded Tejas Trains.
  • Rail madad disposal time reduced to 13 minutes in comparison to 3 hours 6 minutes in the year 2021.
  •  ‘Kavach’ is one of the cheapest, Safety Integrity Level 4 (SIL-4) certified technologies with the probability of 1 error in 10,000 years which has been successfully trialed between Gullaguda – Chitgidda Railway stations in South Central Railway.
  • As of 30.11.2022, 83% of the total Broad-Gauge network has been electrified. During 2022-23, electrification of 1,973 Route km (2,647 TKM) has been achieved, which is 41% higher as compared to the corresponding period of 2021-22.
  • Southern Railway becomes the first zone in Indian Railways to get the first Registered service provider under the ‘Bharat Gaurav” Scheme and commence the operations of the maiden service from Coimbatore North to Sainagar Shirdi.*
  • Electrification of 1,973 Route km (2,647 TKM) has been achieved during 2022-23, which is 41% higher as compared to corresponding period of 2021-22.*
  • In addition, 1,161 & 296 km of electrification of double lines & sidings respectively have also been completed till date. Thus, total 4100 TKM have been electrified during 2022-23.*
  • Electrified Network of IR has been extended to 83%.*
  • The Broad-Gauge network of the Indian Railways currently stands at 64,689 RKM, out of which 45,881 RKM i.e., 71 % has been electrified. *
  • Average speed for the freight trains in March 2021 was registered as 45.6 Km/hr which is 83% increase as compared to last years speed of 24.93Km/hr in the same period.*
  • With the commissioning of Wi-Fi at Hazaribagh Railway station on May 2021, Indian Railways has successfully commissioned Wi-Fi at 6,000 Railway stations across the country. *
  • The Indian Railways clocked a 3% increase in freight revenue in 2020-21 and the quantum of goods loaded grew by 1.93%. *
  • During this Financial Year till 12th Dec 2022, Railways has completed 2022 track Kilometres (TKM) of New lines, Gauge conversion and multi tracking projects.
  • Real Time Train Information System (RTIS) devices installed for 2700 locomotives.*
  • With the production of 614 Electric Locomotives in FY 2022-23, till 30th November, Indian Railways has recorded a growth of 25.3% over last year for the same period. Last year, 490 electric locomotives were produced during the same period.*
  • Overall the average speed of all trains has increased by about 5% leading to availability of nearly 5% additional paths for operation of more trains.*
  • Indian Railways accomplishes electrification of 82% of the total BG network.*
  • One Station One Product scheme implemented at 535 stations with 572 outlets.*
  • Nagpur Metro in Maharashtra has entered Guinness Book of World Records for creating the longest double-decker viaduct metro measuring 3.14 km on Wardha Road.*
Recent Announcements

20th January 2023: PM dedicates to the nation Mumbai Metro Rail Lines 2A & 7.

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16th January 2023: PM flags off Vande Bharat Express train connecting Secunderabad with Visakhapatnam via video conferencing.

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5th January 2023: ADB, India sign USD 350 mn loan to expand metro rail network in Chennai.

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2nd January 2023: PM flags off Vande Bharat Express connecting Howrah to New Jalpaiguri.

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2nd January 2023: PM inaugurates Joka-Taratala stretch of Purple Line of Kolkata Metro.

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  • Indian Railways has total Broad Gauge (BG) network of 64,689 Route kilometer (RKM) including 740 RKM of Konkan Railway.
  • During financial year 2016-17 to financial year 2020-21, Average speed of freight train has increased from 23.7 kms/hr to 41.2 kms/hr.*
  • Railways achieve Freight loading of 1109.38MT till December 22, an improvement of 8% over last year loading i.e. 1029.96 MT.*
  • In FY 2021-22, Indian Railways total loading is 185.04 mn tonnes (MT) to date which is 10.37 % higher compared to the year 2019 loading figures (167.66 MT) for the same period.
  • During the year 2021-22 Indian Railways has augmented the transportation of Coal through Railways by a record 111 Mn tonnes and loaded a record 653 Mn Tonnes of coal as compared to 542 Mn tonnes in the previous year showing a growth of 20.4 %.
  • There is a  change of pace in the development of railway lines which has doubled 200 Km from 50 km per year in last 7 years.*
  • Currently, a total of 2359 trips of Kisan Rail trains have been operated on 167 routes, wherein nearly 7.9 lakh tones of consignments have been transported.*
  • Indian Railways records best ever July Monthly freight loading of 122.14 MT in July’22.*
  • Freight Earnings increases by 16% as compared to the same period of last year.*
  • E-Catering service is currently available at 310 Railway stations through 1755 Service Providers and 14 Food Aggregators, supplying an average number of 41,844 meals per day.*
  • 1090 Escalators at 339 stations have been provided upto August’ 2022.*
  • 981 Lifts at 400 stations have been provided upto August’ 2022.*
  • The punctuality of Indian Railways for Mail Express trains during the year 2022-23 is about 84% which is about 9% more than the punctuality of about 75% achieved during 2019-20.*
  • 1223 Route Kilometers (RKMs) electrified during April- October 2022.*
Growth Drivers
  • India’s first Vertical lift Railway Sea Bridge will allow the Indian Railways to operate trains at a higher speed.*
  • Two MoUs between India and Bangladesh signed to deepen the inter-governmental railway co-operation between two countries.*
  • Cabinet approves Kochi Metro Rail Project Phase-II from JLN Stadium to Infopark via Kakkanad.*
  • Under Atmanirbhar Bharat Abhiyaan - Self Reliant India, their is a special economic and comprehensive package of INR 20 lakh crores towards promoting manufacturing in India. 
  • Railways aim to complete the electrification of its entire broad-gauge network by 2023. 
  • India, ADB sign USD 500 mn loan to expand Metro Rail Network in Bengaluru. 
  • Railways complete electrification work of total 649 Route Kilometers from Katihar to Guwahati over Northeast Frontier Railway.
  • Fourteen Railway Projects Costing INR 22,067 crores being Undertaken to Enhance Coal Transportation Efficiency and further enhancing the capacity of coal evacuation process which will help in reducing the time and cost incurred in the transportation of the coal. These projects will cover the distance of 2680 Km approximately, which will be spread across the Indian states of Jharkhand, Odisha and Chhattisgarh. 
  • CIL is constructing 21 additional railway sidings at an estimated investment of INR 3,370 crores across four of its subsidiaries which include both green field and brown field ones to be commissioned by FY24. 
  • As on 1st April 2021, 484 Railway projects of 51,165 Km length, costing approx. `7.53 lakh crore are in different stages of planning/sanction/execution, out of which 10,638 Km length has been commissioned and an expenditure of approx. `2.14 lakh crore has been incurred upto March, 2021.
  • 14 new railway line projects have been taken up at a total cost of INR 56,553 crore in the North East Region of India.
  • Railways has road map in place for supplying rakes to long distance Thermal Power Plants.
  • A unified Vendor Approval System for single-interface approval of vendors is implemented which provides vendors with complete single-window online process for vendor approval starting from submission of application stage to payments, communication and final approvals. 
  • Indian Railway is associating more and more Industry partners with its supply chain and steps had been taken in this direction to enhance ease of doing business for the industry. 
  • Railway has reduced the vendor application fee that was being taken for applying for approval of vendor with RDSO for identified safety items. It has now been reduced from INR 2.5 lakhs to INR 15000/- and INR 1.5 lakhs to INR 10000/-.
  • Shri Narendra Modi dedicated various Railway projects in Bhopal, Madhya Pradesh. Two new MEMU trains between Ujjain-Indore and Indore-Ujjain are flagged off. 
  • Two suburban trains of the Mumbai Suburban Railway connecting Thane and Diva are flagged off to bring ease of life for the residents of the ever-mobile metropolitan city of Mumbai.
  • The theme-based tourist circuit trains 'Bharat Gaurav Trains' will showcase India’s rich cultural heritage and magnificent historical places to the people of India and the world.
  • The Mumbai-Ahmedabad High Speed Rail, the High Speed Rail project is executed with technical & financial assistance of Government of Japan. 
  • As a part of Atmanirbhar Bharat, 2,000 km of network will be brought under Kavach for safety and capacity augmentation in 2022-23. Around 34,000 Kms of network will be brought under Kavach.
  • CPWD has signed an MoU with DMRC to plan and execute an Underground Metro loop corridor in the Central Vista.
  • Ministry of Railways signed an MOU with the Centre for Development of Telematics (C-DOT) to establish a robust collaborative working partnership for coordination and resource sharing with respect to provision of Telecommunication facilities in the delivery and implementation of C-DOT’s Telecom Solutions and services in Railways.
  • Railway Protection Force (RPF) signs MoU with Association for Voluntary Action (AVA) for a trafficking free nation.
  • BHEL signed MoUs with SIEMENS Mobility Germany, and SIEMENS Ltd-India, to jointly address the opportunities in upcoming light rail rolling stock segment (MetroLite) in India.
  • Coal Companies & Indian Railways have envisaged to jointly ensure per day coal loading of 415 rakes of domestic coal and 30 rakes of imported coal to power sector.
  • Indian Railways has joined hands with IIT Madras to indigenously develop Hyperloop technology based transportation system which runs faster than bullet trains, and has considerably low operating cost. Indian Railways will extend financial support of INR 8.34 cr to IIT Madras for this project.
  • 12000th LHB coach of ICF is flagged off in Chennai from safety point of view. LHB coaches are anti-telescopic, safer, lighter, and more comfortable and jerk free.
  • Government of India and Bangladesh decided to start a new passenger train service Mitali Express via recently-restored Haldibari-Chilahati rail link. This will enable to strengthen relationship between the two countries.*
  • Thirteen Railway Projects Under PM-Gati Shakti have been undertaken by Ministry of Coal to develop multimodal connectivity and identified missing infrastructure gaps for each projects.*
  • To facilitate passengers, Indian Railways has decided to increase the limit of booking maximum 6 tickets in a month to 12 tickets by a user ID which is not Aadhaar linked and the limit of booking maximum 12 tickets in a month to 24 tickets by a user ID which is Aadhaar linked and that one of the passengers in the ticket to be booked is verifiable through Aadhaar.*
  • Cabinet approves Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility with an estimated cost of INR 2798.16 crore and will be completed by 2026-27.*
  • 1253 Railway stations over Indian Railways have been identified for development under Adarsh Station Scheme. Out of these, 1215 Railway stations have been developed and the remaining 38 stations are targeted for development in Financial Year 2022-23.*
FDI Policy
  • The FDI Policy permits 100% FDI in the railway's infrastructure sector. FDI is permitted in the construction, operation and maintenance of the railway transport sector: 6
    1. Suburban corridor projects through PPP model
    2. High-speed train projects
    3. Dedicated freight lines
    4. Rolling stock including train sets, and locomotives/coaches manufacturing and maintenance facilities
    5. Railway electrification
    6. Signalling systems
    7. Freight terminals
    8. Passenger terminals
    9. Infrastructure in industrial park pertaining to railways line/sidings including electrified railways lines and connectivity to the main railway’s line
    10. Mass Rapid Transport Systems
  • The cumulative FDI equity inflow in the Railway related components industry is USD 1.23 bn during the period April 2000 to September 2022.*

Read more about Foreign Direct Investment Policy in India >

Sector Policy
  • The ‘General Purpose Wagon Investment Scheme’ (GPWIS) allows investment by Public Sector Undertaking (PSUs), End users, Port Owners, Mine Owners and Logistics Providers in General Purpose Wagons. The scheme permits investment in a minimum of one rake of General Purpose Wagons by the eligible parties for movement in any of the approved circuit(s) to carry any commodity. During the year 2018-19, 77 rakes have been approved, out of which 2 rakes have been inducted and are in operation. The Ministry of Railways has further liberalized the scheme for prospective investors. 2
  • The ‘Liberalized Wagon Investment Scheme’ (LWIS) allows investments by End Users, i.e., producers, manufacturers and consumers of goods in Special Purpose Wagons (SPW) and High Capacity Wagons (HCW). Procurement of 84 rakes have been approved, out of which 51 rakes have been inducted under the scheme. 2
  • Gati Shakti Cargo Terminal Policy is Launched to fast track the approvals and ease of establishing Cargo Terminals to increase the freight loading share of Indian Railways.
  • The ‘Automobiles Freight Train Operator’ (AFTO) Scheme allows procurement and operation of special purpose rakes by private parties for transportation in the automobile sector. Procurement of 59 rakes has been approved, out of which 19 rakes have been inducted as of March 2019. 2
  • The ‘Special Freight Train Operator’ scheme allows investment in the procurement of High Capacity Wagons (HCW) and Special Purpose Wagons (SPW) for the purpose of transporting non-traditional commodities such as edible oil, caustic soda, molasses, fly ash, alumina, bulk cement, chemicals and petrochemicals. Procurement of 28 rakes has been approved, out of which 7 rakes have been inducted under the scheme. 2
  • The ‘Private Freight Terminals (PFT) Policy’ assists the development of a network of freight terminals with private investment. The focus of the policy is to provide cost-effective and efficient logistics services along with warehousing solutions to the end users. About 109 PFT proposals have been received as of March 2019, out of which 60 PFTs have already been notified/ commissioned. 2
  • “Meri Saheli” initiative by Indian Railways focused action on security of women across all zones with an objective to provide safety and security to lady passengers travelling by trains.  These lady passengers are briefed about all precautions and told to dial 182 in case they face or see any problem in the coach.13

Mission Raftaar

  • Mission Raftaar is a ‘Mission’ envisaged for speed enhancement and to achieve a target of doubling average speed of freight trains and increasing the average speed of Superfast /mail/Express trains by 25 kmph and not a stand alone ‘Project(s)’.
  • As a part of “Mission Raftaar” and during the period 2015-16 and 2021-22, 414 passenger train services have been converted into MEMU services.

Adarsh Station Scheme

  • Railway stations are upgraded/modernized under Adarsh Station Scheme based on identified need of providing better enhanced passenger amenities at stations.
  • 1253 railway stations have been identified for development under Adarsh Station Scheme. Out of these, 1211 railway stations have been developed and the remaining 42 stations are targetted for development in Financial Year 2022-23.
  • The expenditure incurred for modernization of stations during the last three years and current year (till November, 2021) i.e. 2018-19, 2019-20, 2020-21 and 2021-22 (till Nov, 2021) are INR 1585.88 crore, INR 1903.11 crore, INR 2582.90 crore and INR 1061.83 respectively.

National Rail Plan

  • National Rail Plan (NRP) for India – 2030 is prepared to create a ‘future ready’ Railway system by 2030. The objective of the plan is to create capacity ahead of demand, which in turn would also cater to future growth in demand right up to 2050 and also increase the modal share of Railways to 45% in freight traffic and to continue to sustain it. 

Gati Shakti Multi-Modal Cargo Terminal (GCT)’ Policy

  • A new ‘Gati Shakti Multi-Modal Cargo Terminal (GCT)’ policy has been launched to boost investment from industry through development of additional terminals for handling rail cargos.
  • The locations for GCTs are being identified/finalized on the basis of demand from industry and potential of Cargo Traffic. As on 1st April 2022, 6 GCTs have already been commissioned and around 74 more locations have been provisionally identified for development of GCTs. 

Indian Railway Innovation Policy - “StartUps for Railways”

  • Policy aims to leverage innovative technologies developed by Indian Startups/MSMEs/Innovators/Entrepreneurs to improve operational efficiency and Safety of Indian Railways.
  • Salient details of Indian Railway Innovation Policy are as under:-

    • Grant up to INR 1.5 Crore to innovator on equal sharing basis with provision of milestone-wise payment.
    • Complete process from floating of problem statement to development of prototype is online with defined time line to make it transparent and objective.
    • Trials of prototypes will be done in Railways. Enhanced funding will be provided to scale up deployment on successful performance of prototypes.
    •  Selection of Innovator/s will be done by a transparent and fair system which will be dealt through online portal inaugurated today by Minister of Railways.
    •  Developed Intellectual property rights (IPR) will remain with innovator only.
    •  Assured developmental order to innovator.
    •  De-centralization of complete product development process at divisional level to avoid delays.

Bharat Gaurav scheme

  • Indian Railways had launched the operation of theme-based Bharat Gaurav train in the month of November 2021.*
  • The objective of this theme is to showcase India’s rich cultural heritage and magnificent historical places to the people of India and the world, through Bharat Gaurav Trains. This scheme also aims to leverage the core strengths of the professionals in the tourism sector to run theme-based trains to tap the vast tourist potential of India.*

Indian Railway e-Procurement System (IREPS)*

  • Indian Railways has taken steps to bring Commercial Earning and Non-Fare Revenue contracts under the ambit of electronic auction through Indian Railway e-Procurement System (IREPS).
  • With this new policy, tedious process of tendering would get simplified. Also, it would give opportunities for youth to join the e-auction process. This policy enhances ease of living, promotes transparency and adds to Digital India initiatives in Railways.

Explore Government policies/ schemes in Railways sector >

Financial Support
  • The ‘Indian Railway Finance Corporation Ltd.’ (IRFC) is a wholly Government-owned PSU under the administrative control of the Ministry of Railways. It mobilizes market borrowings to finance capital expenditure in the Railways. The Market funds raised by IRFC account for Extra- Budgetary Resources (EBR) for Railway Plan and are invested in rolling stock and projects leased by IRFC to the Ministry of Railways. 

Union Budget 2022-23

  • The total budgetary allocation for FY 2022-23 towards the   Ministry of Railways is INR  1,40,367.13 cr.
Investment Opportunities

Some key investment opportunities for private players in the Railways sector include the following: 2

  • Suburban corridor projects through PPP
  • High-speed train projects
  • Upcoming dedicated freight lines
  • Rolling stock including train sets and locomotives or coach manufacturing and maintenance facilities
  • Railways electrification
  • Signalling systems
  • Freight terminals or logistics parks
  • Passenger terminals
  • Railways technical training institutes
  • Testing facilities and laboratories
  • Concessions in standalone passenger corridors (such as brand lines and hill railways)
  • Non-conventional sources of energy
  • Mechanized laundry
  • Rolling stock procurement
  • Bio-toilets
  • Technological solutions for manned and unmanned level crossings
  • Technological solutions to improve safety and reduce accidents


Explore projects to invest in Railways sector >

Sector Reports
  1. Year End Review 2022: Ministry of Railways
  2. Indian Railways Annual Report & Accounts 2020-21
  3. Bharat Gaurav Trains
  4. Annual Plan for Procurement of Goods and Services from Micro and Small Enterprises


Foreign Investors
  • Alstom Transport Holdings B.V. (Netherlands)
  • Bombardier (Singapore)
  • Ansaldo STS (Australia)
  • GE Capital International (Mauritius)
  • Inversiones EN Concesiones (Spain)
  1. About Indian Railways, http://www.indianrailways.gov.in/railwayboard/view_section.jsp?lang=0&id=0,1
  2. Indian Railways Annual Report & Accounts 2018-19, http://www.indianrailways.gov.in/railwayboard/uploads/directorate/stat_econ/Year_Book/Indian%20Railways%20Annual%20Report%20%26%20Accounts%20English%202018-19.pdf
  3. Indian Railways - Vision & Plans, http://www.indianrailways.gov.in/Railways%20Presentation.pdf
  4. Private sector participation in Railway works, Ministry of Railways, PIB, https://pib.gov.in/PressReleasePage.aspx?PRID=1602428
  5. Year-End Review 2019: Ministry of Railways, https://pib.gov.in/PressReleasePage.aspx?PRID=1598076
  6. Consolidated FDI Policy, https://static.investindia.gov.in/s3fs-public/2020-09/FDI%20Policy%202020%20revised_18%20Sept%202020.pdf
  7. Factsheet on FDI - April 2000 to December 2021Department for Promotion of Industry and Internal Trade, https://dpiit.gov.in/sites/default/files/FDI%20Factsheet%20December%2C%202021.pdf 
  8. Minister of Railways inaugurates Website of National Rail Plan, 2030, https://indianrailways.gov.in/railwayboard/uploads/directorate/prd/PR/MR_Inaug_Website_08122016.pdf
  9. Expenditure Budget, Ministry of Railways, https://www.indiabudget.gov.in/doc/eb/sbe83.pdf
  10. Indian Railways commissions first Waste to Energy Plant in Bhubaneswar, Ministry of Railways, PIB, https://pib.gov.in/PressReleasePage.aspx?PRID=1600784
  11. Indian Railways creates a new world benchmark, Ministry of Railways, PIB, https://pib.gov.in/PressReleasePage.aspx?PRID=1630909
  12. Indian Railways operationalises its most powerful 12000 HP made in India locomotive, Ministry of Railways, PIB, https://pib.gov.in/PressReleasePage.aspx?PRID=1625158
  13. Indian Railways creates a new world benchmark, Ministry of Railways, PIB, https://pib.gov.in/PressReleasePage.aspx?PRID=1668560
  14. PIB Release, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1683803
  15. PIB Release, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1685602
  16. News Update, https://www.financialexpress.com/infrastructure/railways/make-in-india-success-indian-railways-clw-creates-record-by-manufacturing-250-locos-in-188-working-days/2160850/
  17. PIB Release, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1707236
  18. PIB Release, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1710137

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