Indian rail wants to roll on Chinese strategic track

New Delhi, Nov 21 | Updated: Nov 22 2005, 06:36am hrs
China railways strategy to rehabilitate displaced workers and their system of converting profits as performance-based management bonuses, has generated interest among Indian railway officials.

Members of an Indian railway ministry delegation, which recently visited China, shared their experiences during a World Bank seminar, held here on Monday. World Bank country director, Michael Carter was also present on the occasion.

With China embarking on a $250 billion project to expand its railways in the next 15 years, India also has similar plans lined up.

After recovering from being bankrupt in 2001, railways has approached the World Bank for a $150 million assistance to fund its long term investment and development plan, which is under preparation.

The plan would help meet the growing demand arising from the accelerating economic growth, Geeta Thoopal, additional member (finance) in the ministry and leader of the six member delegation, said.

Ticket To Prosperity

The Indian railways has approached the World Bank for a $150 million assistance to fund its long term investment and development plan,
We can emulate Chinas railway in areas like scaling up investment to increase capacity, improving services, cutting unit cost of transport, etc.

 
Ms Thoopal said the Indian railway can emulate Chinas railway in certain areas like scaling up investment to increase capacity, improving services, cutting unit cost of transport and separating non-core activities.

India, who has been treading in Chinas footsteps right from economic growth, FDI inflow to infrastructure, is lining up major reforms to improve efficiency and service of the the public utility for making it a major revenue earner in the coming years.

The visit was arranged as part of the World Bank sponsored exchanges between India and China to study railway and highway development strategies and programmes in the two countries.