Private firms want Indian Railways’ wagon investment scheme tweaked


Private firms want Indian Railways’ wagon investment scheme tweaked

Private firms are seeking changes to a Railway Ministry scheme introduced last year that allowed them to purchase general-purpose rakes for transporting commodities, which till then was the exclusive right of the Indian Railways (IR).

The General Purpose Wagon Investment Scheme (GPWIS), billed the biggest reform undertaken by the IR, allowed private players to transport restricted commodities like coal, coke, ore and minerals, which till then were completely controlled and regulated by the public transporter.

Apart from allowing all commodities, the GPWIS safe-guarded the investment of private players by ensuring that the wagons procured under the policy did not get merged with the IR pool unlike in previous wagon investment policies.

Till date, 77 general-purpose rakes have been approved by the IR under the GPWIS policy for multiple private investors, indicating the initial success of the scheme.Read More

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