From greater autonomy to oil PSUs for crude procurement, highway construction and expansion to the National Hydrology Project and enhancing Technical Expertise for Indian Railways, the Union Cabinet chaired by Prime Minister Narendra Modi approved several decisions in a bid to boost economic growth. Agreements includes benchmarking railway policy and regulation development, exchange of knowledge and technical expertise, freight operations in colder regions and tilting coaches
New Delhi: Union Cabinet chaired by Prime Minister Narendra Modi today approved a Memorandum of Understanding signed between India and Sweden for technical cooperation in the rail sector.
The MoU, signed by the two sides in February, provides for cooperation in areas of benchmarking railway policy and regulation development, exchange of knowledge and technical expertise, freight operations in colder regions and tilting coaches.
The rail ministry has signed pacts with multiple nations that allow technical cooperation in the railways sector with focus on high speed corridors, raising speed on existing routes, development of world-class stations, heavy haul operations and modernization of rail infrastructure.
“The cooperation is achieved through exchange of information on developments in areas of railways technology and operations, knowledge sharing, technical visits, training and seminars and workshops in areas of mutual interest,” said an official statement.
It added the MoUs provide a platform for Indian Railways to share the latest developments in the railway sector and facilitate exchange of technical experts, reports and documents. They also provide for training and seminars focusing on specific technology areas.
Big Boost for Indian Railways: Ex-post facto approval to an MoU signed between India and Sweden on technical cooperation in the railway sector was given. The MoU will enable technical cooperation in the following areas: Benchmark railways policy development, regulations, organization and specific characteristics for each country; exchange of knowledge, technical expertise, innovation, technology, sustainable solutions and research; other cooperation projects agreed between the participants, such as, freight operations in cold regions, tilting coaches/trains, capacity allocation (time tabling) and optimisation of maintenance and improved freight/combination traffic; training and continuing education program in reliability and maintenance of rail transport system for railway engineers and managers. Ministry of Railways has signed MOUs for technical cooperation in the Railway sector with various foreign Governments and National Railways. The identified areas of cooperation include high speed corridors, speed raising of existing routes, development of world class stations, heavy haul operations and modernization of rail infrastructure, etc.