Railway Minister Suresh Prabhu invites foreign investment for manufacturing

The Railway Minister has made many plans for developing and improving the standards of the Indian Railways. On 29th August, Suresh Prabhu invited few countries for setting up manufacturing units in India as the Indian government will be putting in $120 billion for the development of the railway services over the coming 5 years.

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The Minister recently stated that transport system should be safe and secure, with no scope of accidents, to safeguard the people. He also added that the main focus is on the safety of the Indian Railways. It is essential for everyone to travel safe with a little help from the latest technologies, he said while at an international meet.

The seminar was focused on discussing the advances in communication, control and command for Metro and any high speed transit system which will be introduced. The meet saw many representatives from nations like Japan, Russia, Korea and many others in attendance.

Suresh Prabhu also highlighted that there would be a requirement of more investment in the future to modernize and safeguard the rail sector. He also enlightened everyone about the fact that India has a major advantage when it comes to skilled manpower, large manufacturing bases and also a big market. He is bringing in funds from foreign countries and giving them the option to make India their manufacturing base. He also stated that India has a positive environment when it comes to production and manufacturing. And that’s why he wants to partner with several countries so that India is a manufacturing hub. Companies can manufacture their goods here and export it from here, he added.

Other than that, he emphasised the fact that development of technology is also important. Remote sensing will help control accidents and provide people with the utmost safety. Suresh Prabhu made another great point at the seminar in which he stated that we should take up new technological methods to minimise any human errors that are causing dangers. He also added the main objective is to take up the zero accident missions and try to succeed.

This will require a lot of use of technology and new methods to advance other innovations in the rail sector. Apart from that, proper manpower will be an added bonus to the project.

Suresh Prabhu also wants more and more improvements in every way to secure all the people from accidents and minimise any human errors which are causing problems.

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