The Narendra Modi-led government has started its second term by keeping infrastruture as one of the main targets to be acheived. In order to make infrastruture a plus point, Modi government is keen on improvising the railway roadmap.
However, during the Budget presentation, Finance Minister Nirmala Sitharaman accepted that the government did not have the fiscal space to make the kind of heavy investments that are required to modernise the Railways. As such, she proposed to use Public-Private Partnerships wherever possible.
In the days since, it is becoming clear that to begin with, the government will be inviting private companies to own and operate trains on select routes. Read More