Technology along with managerial excellence can chart a new trajectory, says Vice President Naidu
The Union Minister for Railways and Coal, Piyush Goyal, the Chairman, Railway Board, Ashwani Lohani, and other dignitaries were present on the occasion.
The Conference was organized by the Defence Infrastructure Planning & Management Council, the Ministry of Railways, the Ministry of Urban Development and the Niti Aayog.
Vice President M. Venkaiah Naidu said that technology along with managerial excellence can chart a new trajectory.
"From its origin purely as a colonial project in 1853, the Indian railways has emerged today as one of the largest rail networks in the world and an important economic engine in the growth and development narrative of India. It is estimated that in the next five years the Indian Railways will be the third largest railway system in the world accounting for 10 per cent of the global market," the VP said in his speech.
The Vice President said that with urbanization taking place at a rapid pace in India, the need for efficient and cost-effective transport is critical in ensuring faster mobility and sustainable development.
He further said that new concepts such as ‘Transit Oriented Development’ should be tried out and promoted which will improve the lives of people living around the metro stations in a big way.
The Vice President said that the Indian Railways need to plan for a massive expansion very meticulously with forward looking, efficient technologies and innovative practices currently available across the globe and adopt them to serve our country’s aspiring population.
He further said that the IT revolution sweeping the world, to which India has also been a major contributor, is bound to improve efficiency in signaling, communications and safety and help in areas like intelligent transportation systems.
The Vice President expressed his hope that the discussions and the deliberations in this two-day conference will provide a fast-track approach to build many state of the art railway systems that will improve the economy and the quality of life of people in India and the rest of the world.
Image: PIB
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