This network would provide a major land corridor for transport of people and goods across the frontiers of the member countries, Bansal said while speaking at the 7th meeting of Railways of South and South East Asian Countries.
Bansal said that one of the important key objectives of the Government of India is to assist the neighbouring countries to develop their rail infrastructure and credit facilities have been extended to some of these countries.
The Railway Minister further said that Indian Railways have thrown open its Research Development and Standards Organisation (RDSO) for joint research projects involving the railways of the region.
Bansal emphasised that regional cooperation and trade is a beneficial mode of economic development and Railways have a great advantage of being socially the most benign mode of transport.
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