Indian Railway Finance Corporation (IRFC), a Schedule A Miniratna public sector enterprise under the Ministry of Railways, announced on Thursday the appointment of Manoj Kumar Dubey, a 1993-batch Indian Railway Accounts Service (IRAS) officer, as its Chairman & Managing Director (CMD) and Chief Executive Officer (CEO).
Dubey assumed office on Thursday. Dubey, who previously served as Director (Finance) and Chief Financial Officer of Container Corporation of India (CONCOR), expressed his honor at taking on the leadership of IRFC during what he sees as a defining moment for India’s growth.
“India is on the cusp of significant economic advancements, and leading one of the nation’s iconic public sector enterprises is both a privilege and a responsibility. We want to be in the mainstream of the Viksit Bharat 2047 strategy of Prime Minister Narendra Modi,” Dubey said.
“India’s rail infrastructure has flourished under the visionary guidance of Prime Minister and the dynamic leadership of Railway Minister Ashwini Vaishnaw. The swift launch of Vande Bharat Express, rapid expansion of railway routes, and enhanced capacity and speed of freight trains are clear markers of this success. In a decade, India has constructed 14,985 km of new railway tracks, surpassing the achievements of developed nations like France,” added Dubey.
To put it in perspective, between 2004 and 2014, the total track length was just 14,000 km; however, in the past decade alone, this figure has more than doubled, now exceeding 31,000 kilometers.
