SCOPE AND OPPORTUNITIES
An International Conference on Technological Advancements in Railway & Metro Projects will be held under the aegis of Ministry of Railways and Ministry of Urban Development. The seminar will deal with cutting-edge technologies, innovation, and safety in Railways and Metros. The thrust will be to maximize the Make in India initiative and make India self-sufficient.
In the past two decades, Indian Railways has grown manifold not just in terms of size and volume, but also in terms of usage of cutting-edge technologies. Today, Indian Railways is entering new fields, such as High-Speed Railways, Dedicated Freight Corridors, bridging new frontiers by laying tracks in inhospitable terrains of the North-East, building mountain railways, using alternative fuels to reduce dependence on fossil fuels to name a few initiatives.
In more or less the same period(since DMRC became operational in 2002), concurrently, there has been an awakening of sorts across India, in the direction of building more and more Metros to cater to the increased mobility requirements of the burgeoning population of the metropolitan towns. As of now, some 35-40 metros are under planning or execution, aggregating a colossal investment of some $68 bn(Rs4. 5 Lakh crores) over the next five to seven years. This will soon make India one of the top metro hubs in the world, ahead of some of the most advanced countries About the Conference The Conference will be held on 6th and 7th October 2017 at Manekshaw Centre, Delhi Cantt.
Highlights of Railway Budget Allocations 2017-18
The Railways has a network of 1,14, 907km of track. Of this, 4,500km should be annually renewed. However, financial constraints had deterred the progress on track renewals in the last six years.
Indian Railways were allotted the highest ever amount of Rs 1,30,000 crore in the Union Budget for 2017-18.
The national carrier will focus on four major areas of passenger safety, capital and development works, cleanliness and finance and accounting reforms.
Highlights: A corpus of Rs1 trillion for a rail safety fund to be spent over five years; solar power for 7,000 railway stations; redevelopment of 25 railway stations; 70 projects for construction and development through joint ventures with nine state governments; and commissioning of 3,500km railway lines in 2017-18, up from 2,800km in 2016-17.
The budget also proposed stock market listing of railway enterprises and end-to-end transport solutions by Indian Railways in selected commodities by partnering logistics companies. Railways’ plans to develop 1,000 mega-watt (MW) solar (power) at 7,000 stations will help Indian Railways accomplish its Mission 41K, a plan to save Rs 41,000 crore in next 10 years by electrifying 90% of railway lines, and also reduce expenditure on power.
Freight loading is expected at 1,165 million tonnes (MT) in 2017-18, which is 71.50MT over revised estimates 2016-17 and earnings at Rs 1,18,998 crore. Railways is expected to earn Rs 50,125 crore in passenger traffic, taking total receipts to Rs 1,89,498.37 crore
About the Conference
The Conference will be held on 6th and 7th October 2017 at Manekshaw Centre, Delhi Cantt. under the aegis of Ministry of Railways and Ministry of Urban Development. The Conference will deal with cutting-edge technologies, innovation, and safety in Railways and Metros. The thrust will be to maximize the ‘Make in India’ initiative and make India self-sufficient.