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  1. Not enough investment in Indian Railways in past 40 years, says Suresh Prabhu

Not enough investment in Indian Railways in past 40 years, says Suresh Prabhu

Drawing a comparison between the railway systems of India and China, railway minister Suresh Prabhu on Saturday said not enough investment...

By: | Bangalore | Published: June 21, 2015 12:11 AM

Drawing a comparison between the railway systems of India and China, railway minister Suresh Prabhu on Saturday said not enough investment has been made in the railways in the country in the past 40 years. “Railways are the backbone of India’s economy and, therefore, we have decided to launch a major programme to revamp the railway network. In the past 30, 40 years we have not invested enough into the railways….” Prabhu said.

Mentioning a study published recently, he said, “In 1990, China’s railway network was smaller or equal to India. In the last 25 years, China has overtaken India significantly.” China’s growth as an economic power, as one among the largest exporters and manufacturers of the world, has been possible due to its strong railways network, he added.

Noting steps taken by him to make railways commercially viable, Prabhu said “…I am very sure we can add 2-3% to India’s GDP only by making railways work proper.”

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