WEF 2018: Global investors welcome to participate in railways upgrade, says Piyush Goyal

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Davos | January 24, 2018 11:57 AM

Promising a major technological and modernisation upgrade at railways, Union Minister Piyush Goyal has said there are plans to equip the entire rail network with Wi-Fi and CCTV system and foreign investors are welcome to participate in this growth story.

wef 2018, world economic forum, wef davos 2018, wef davos, world economic forum 2018, railways, indian railways, piyush goyalGoyal said railways is also inviting foreign investors. (PTI)

Promising a major technological and modernisation upgrade at railways, Union Minister Piyush Goyal has said there are plans to equip the entire rail network with Wi-Fi and CCTV system and foreign investors are welcome to participate in this growth story. Goyal, who is here to attend the World Economic Forum annual meeting, said there is a huge scope for innovations in railways including in signalling systems for which latest technologies of the world are being brought in. “Currently age old systems are there which even cause safety issues. We are working on a major upgrade for them,” Goyal told PTI in an interview here on the sidelines of the WEF. “We will also consider putting in place WiFi and CCTV networks for entire rail network to make Indian railways at par with the best in the world in terms of safety as well as public convenience,” the railways minister said. Goyal said the government wants to make the track safety systems very robust with the use of technology and it has already started the bullet train project. “The first has been launched and we want to put in place a web of bullet trains across the country. There are programmes on tables for dedicated freight corridors and you can expect huge changes in railways space in coming future. A lot of programmes are on table,” he said.

Goyal said railways is also inviting foreign investors. “The kind of huge orders we talking about for various modernisation and technology upgrade projects, I’m sure everyone would like to participate. Two factories are being already set up in Bihar,” he said.

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