Business

RailMin to set up body to enhance foreign collaboration

Prateek Chopra

With an aim to boost partnership with private sector investors, Railway Minister Suresh Prabhu on Wednesday said that Indian Railways will set up a Business Transformation Council (BTC). It will play a role in raising efficiency and speed in the process of reaching the projected mark of Rs 8.5 lakh crore of investment in Railways over a period of five years.

"Railways would be the harbinger of growth in India… Railways will have to increase in infrastructure immensely and to do that we have to think differently. We need partnership which is our thrust area which I have mentioned in my budget speech. Partnership can help railways grow faster," said Prabhu at an event organised by ASSOCHAM, where ambassadors of various nations were present.