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Railways to privatize

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Attempting an image makeover after opposing most major projects in her home state of West Bengal, railway minister Mamata Banerjee seemed to be going over the top in a bid to privatize every sector of the Indian Railways. At a meeting with industry representatives on Saturday, Mamata’s eagerness, whether in extending railway tracks by 49,000 km to railway safety, infrastructure development to technology, came as a surprise, since she has so far been talking of the PPP model as the best mode of turning the railways into the government’s biggest revenue-generating unit. In fact, FICCI secretary general Amit Mitra, who heads the experts committee for the railways and moderated the interactive session with the industry representatives, saw the railways saying that without private funding it would not be able to meet its target of extending the track-laying network.

For the full report in the TOI, click here

I would have thought PPP and outsourcing would have been better here. Whatever, the total monopoly has definitely to go.

Muralidhar Rao

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