Railways to become a net zero carbon emitter by 2030: Goyal

Image
IANS New Delhi
Last Updated : Jun 19 2018 | 6:40 PM IST

Railways Minister Piyush Goyal on Tuesday said the Indian Railways will become a "zero carbon emitter" by 2030 through 100 per cent electrification of its network.

"With the current action plans on anvil for 100 per cent electrification coupled with renewable strategies, Indian Railways will become a net zero carbon emitter by 2030," Goyal said while addressing the Rail Contact 2018 conference organised by Confederation of Indian Industry (CII).

"And a good, efficient and modern Railways system can do wonders for the Indian economy and the lives of the people. In fact, it is more energy efficient than road transport and air transport."

However, it is always a team which needs to work in partnership with a collective effort of working towards a common goal, he said.

Quoting Apple co-founder Steve Jobs, the minister said: "Great things in business are never done by one person.

"Industry participation is as much important in our mission as to make Indian Railways the newest, finest and safest Railways in the world."

Indian Railways, which used to struggle with lack of investments and capacity constraints, has witnessed a massive growth in investments in the last four years, he said.

"From the usual 200 to 225 km being done every month, when we moved the needle to make up for the huge backlog inherited from the previous government, I am happy to share that by November-December 2017, we have been able to ramp it up to 476 km of track renewable, every month."

"In the last 64 years, freight loading has increased by 1,344 per cent in the Indian Railways. Passenger travel in terms of kilometres has increased 1,642 per cent."

He said that the total investments in 2013-14 in the capital infrastructure of Railways was slated for about Rs 46,000 crore, which is Rs 1,41,000 crore for this year.

He also stressed that the Railways needs more engagement and investments in areas such as technological upgradation and modernization.

"The sector has huge technology issue. Transformation may not take shape without engagement with modern technology," he said inviting the industries to engage in these areas, and also to prioritize and focus on the actions to bring the desired transformation in the national transporter.

--IANS

aks/him/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 19 2018 | 6:34 PM IST

Next Story