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Prime Minister Modi Rules Out Privatisation Of Indian Railways

Prime Minister Narendra Modi on Thursday ruled out privatising the Railways and asserted that his aim was to ensure growth and modernization of the state run transporter is through private investment, and not public funds.

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Prime Minister Narendra Modi on Thursday ruled out privatising the Railways and asserted that his aim was to ensure growth and modernization of the state run transporter is through private investment, and not public funds.

There is a misunderstanding that Railways is being privatised. However, I want to make it clear that we are not privatising Railways. We cannot go in this direction. You don’t have to worry. It is neither our wish nor thinking,

The Prime Minister was obviously seeking to dispel apprehensions among railway unions over the issue. The unions had even planned to hold protest against the proposal to invite FDI in railways.

Modi, who was in Varanasi to oversee the progress of several projects being undertaken in his constituency, linked the Railways to his ‘Make in India’ campaign.

He said the Railways would never be privatized and termed reports about it as complete rumour. The nod to FDI for segments in Railways had triggered apprehension that the government would privatise the state run transport giant.

He said private investment would be used to modernize Railways and make it service-oriented, so that it could become an engine of growth for the nation. The PM also said the postal and railway networks could be leveraged to become drivers of rural development.

Asserting that he would not want Railways to be merely a means of transport, he said he wants to make it the engine of growth in the country.

The Prime Minister added railways’ resources were going to be utilized for skill development programmes.

“Skill development centers are being proposed at small railway stations that would to be connected with railway universities,” he said.

Modi was speaking at Diesel Locomotive Works (DLW) after flagging off a high capacity locomotive. He later inaugurated a project for the expansion of DLW.

 

 

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