No privatisation of Indian Railways: Suresh Prabhu

By PTI  www.financialexpress.com

Notwithstanding recommendation by government panels, Railways Minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a “bogey” being raised by those who do not want any change.

He further said the concept of privatisation gives confusing signals and envisages the possibilities of ownership transfer of an enterprise to a different entity or management which was not possible in railways.

“Railways will continue to be owned by government of India, managed by government of India.

“We want change not for the change in ownership. We do not want change for somebody to run the precious assets of railways. We want to bring in private capital or technology to improve the functioning of railways so that railways become more valuable,” Prabhu told PTI in an interview. More info

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