Indian Railways Industry

The government announced 5,000 km of Metro rail network by 2047 in 100 cities.

Advantage India

Growing
Demand

* India is projected to account for 40% of the total global share of rail activity by 2050.​

* In 2024-2025, the goal is to upgrade 40,000 conventional rail bogies to meet the 'Vande Bharat' standards.​

* In 2023-24, traffic revenue is estimated to be Rs. 2,64,600 crore (US$ 32.18 billion), comprising 99.8% of the total revenue.​

Attractive
Opportunities

* Indian Railways is developing and creating technology in areas such as signaling and telecommunication with 15,000 kms being converted into automatic signaling and 37,000 kms to be fitted with ‘KAVACH’, the domestically developed Train Collision Avoidance System.​

Higher
Investments

* Foreign Direct Investment (FDI) inflows in railway-related components stood at US$ 1.40 billion from April -March 2024.

* The government has laid an ambitious target to allocate US$ 1.4 trillion between 2019 and 2023, including investment to the tune of US$ 750 billion on the railway infrastructure by 2030.​

Policy
Support

* Under the Union Budget 2024-25, the government allocated Rs. 2.62 lakh crore (US$ 31.5 billion) to the Ministry of Railways.

* Government has allowed 100% FDI in the railway sector.​

*Indian Railways crafted the National Rail Plan (NRP) for India - 2030 to develop a modern railway system.

Last updated: Oct, 2024

IBEF Campaigns

MORE
Discover India 2024

Discover India 2024

APEDA is organizing participation in SIAL Paris 2024 scheduled to be held f...

Aatmanirbhar Bharat Utsav 2024

Aatmanirbhar Bharat Utsav 2024

Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...

Case Studies

MORE

Driving Progress Innovation and Expansion in the Indian Railways System

Driving Progress Innovation and Expansion in the Indian Railways System

Indian Railways, the fourth-largest national railway system in the world, plays a pivotal role in India's transportation, infrastructure, and econ...

Critical Mineral Imports and India's Green Energy Transition

Critical Mineral Imports and India's Green Energy Transition

India, world's third-largest consumer of energy, is moving towards a greener, sustainable energy landscape. Global climate obligations, lower depe...

Growth and Overview of the Insurance Sector in India: A Comprehensive Study

Growth and Overview of the Insurance Sector in India: A Comprehensive Study

The Indian insurance sector has transformed significantly over the past few decades and has been contributing significantly to the economic developmen...

IBEF BLOG

MORE
Special Economic Zones in India: Catalysts for Economic Growth and Global Competitiveness
8 Nov 2024

Special Economic Zones in India: Catalysts for Economic Growth and Global Competitiveness

Special economic zones (SEZ) are special areas within a country that offer ...

Rising from Adversity: Exploring the Job Boom in Hospitality Industry
6 Nov 2024

Rising from Adversity: Exploring the Job Boom in Hospitality Industry

The hospitality industry consists of travel, tourism, hotels, restaurants, ...

M-Governance Revolution: Mobile Apps Empowering Indian Citizens
23 Oct 2024

M-Governance Revolution: Mobile Apps Empowering Indian Citizens

In the heart of India’s cities and its quietest corners, a revolution...

Partners
Loading...