Rail Ecosystem Can Create 10 Lakh Jobs In A Year: Piyush Goyal

Rail Ecosystem Can Create 10 Lakh Jobs In A Year: Piyush Goyal

Working on various areas across the railway ecosystem in India can create 10 lakh jobs within a year, Union Minister Piyush Goyal said today.

Monetising the real estate assets as well as fast tracking some of the existing investment plans would generate a lot of employment opportunities in the railways and the ecosystem around it, he said.

“My own sense is, may not be directly jobs in railways, but certainly through engaging people and working in variety of areas across the ecosystem, not less than a million jobs can be created in less than 12 months — only railways and ecosystem around the railways,” Goyal said at the India Economic Summit of the World Economic Forum (WEF).

The government’s moving aggressively on the rail track and safety maintenance programme alone would create 2 lakh jobs, he added.

Besides, leveraging the amount of railway real estate by monetising those assets will help to generate resources without burdening passengers.

“If I look at the amount of investment in pipeline and activate that, it will create 2-2.5 lakh jobs in existing projects,” Goyal said.

He said India has huge investment potential but a change in mindset is required to transform the country. Read More…

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