Indian Railways seems to have hit upon a lucrative opportunity in forming joint-venture (JV) programmes with state governments to undertake railway projects in their territories.
Till September, 42 such projects have been identified and studies are on about their feasibility. The maximum number of projects are from Haryana (9), followed by Gujarat (8) and Kerala (8), while Odisha and Jharkhand are eyeing five projects each.
So far, 20 states have signed up for the programme launched in 2016. Out of these, 10 states —Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Maharashtra and Odisha—have already formed joint ventures with Indian Railways. Bihar and Himachal Pradesh have decided not to participate. Read more