The Indian Railways is one of the few government-owned enterprises which is incurring losses year-after-year. On the other hand, the state-run air carrier Air India is also running into losses following the heightened competition amid the domestic aviation sector.
The National Democratic Alliance (NDA) government, in its first term from 2014 to 2019, deliberately pushed Air India divestment programme but it didn’t turn out as expected.
In the second term, the government is keenly looking forward to restarting the Air India disinvestment process and reduce the losses of Indian Railways. The induction of private players in railways, and inviting investment from the industry are some of the possibilities which are being expected in from the Indian Railways.
The Union Railways Minister Piyush Goyal has recently said that the ministry is looking forward to inviting investments for the new technology and railway lines. Read More
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