Union Railway Minister Suresh Prabhu, pitching for more investments in Railways has said that “The Indian economy will grow by 2 to 3 percent more with increased investments in the railways as reforms in transportation sector are vital to exploit full growth potential of the country.”
Prabhu said that the railways should be seen as a new medium of development for the country in future. He pointed that congestion was one of the main problems faced by the Indian railways, the minister added that doubling and tripling of the lines can happen only with a hike in investment in the sector.
He said that if the country's railway network is pumped with a massive investment to boost the connectivity, the Indian economy will register an increased growth by 2-3 per cent. He pointed that congestion was one of the main problems faced by the Indian railways.
The Railway Minister further disclosed that the tendering process of the railways and other commercial decisions were not being handled by the railway minister in the NDA government, as far as the delegation and decentralisation of power to the departments is concerned. He added that Railway minister now works only on policy execution. Decentralisation of power of decision making, if necessary, is in the interest of a transparent administration.