Economist Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council, has struck a note of caution on government plans for electrification of the entire network of Indian Railways and replacement of its diesel fleet. He has said it requires “strategic rethink”, and that there is limited clarity on returns on an estimated capital investment of Rs 1 lakh crore in the exercise.
“Hence it is strongly suggested that the government take a step back at this stage and get this issue examined by expert group in a comprehensive manner,” Debroy has said in a detailed analysis ‘Mission 100% Railway Electrification: Need for a strategic re-think?’, which has reached Rail Bhavan from the Prime Minister’s Office for examination.
“Future course of action, in terms of speed of execution and levels of electrification envisaged, should be guided by findings of this study. A time of five to six months should be given for this study,” the paper states. Read More…
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