As the Indian Railways look to improve its services without spending much, Indian Railway Station Development Corporation (IRSDC) will modernise the stations capable of fetching more money as reckoned by the Boston Consulting Group.
Broadly, the move involves letting third parties raise funds by commercially utilising space on railway premises – airspace on stations and land around the stations among others, on the lines of airport development.
The move comes in the backdrop of the government telling IRSDC to make itself viable, Sanjeev Kumar Lohia, Managing Director and CEO, IRSDC, told BusinessLine. Read More
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