Investment only way out to address Indian Railways’ problems: Prabhu

By PTI  www.financialexpress.com

Investment is the only way out to address the paucity of resources in Indian Railways, which has been “plaguing” the much needed modernisation of the rail service, Union Minister Suresh Prabhu said here.

In the city to address the 91st Annual General Meeting of All India Railway Men’s Federation, the minister said that the Indian Railways has been functioning with limited resources and the government has been working hard to arrange finance for its modernisation.

He said that although the modernisation of the Indian Railways has already been affected but it has not been progressing in the “desired manner and with desired pace” for want of funds, route development, signal development, bullet trains etc. More info

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