Rlys to triple freight traffic, follow reciprocation policy for foreign cos

It plans to procure Rs 20 billion-worth rails from the private sector for the first time in last three decades

The Indian Railways is planning to triple its freight traffic to 3 billion tonne by 2030 through a series of measures including the implementation of the dedicated freight corridors. The railways is also looking to come out with a "reciprocation" strategy on bidding for major projects under which companies from only those countries would be allowed to bid where Indian companies are also allowed. 

According to Union railway minister Piyush Goyal, the plan was to increase the railway share in the overall goods movement to 50 per cent from the current share of around 35 per cent. "As we are