NEW DELHI: A leading business daily earlier informed of the aggressive action plan of Indian Railways to bring all of the entity’s rolling stock, locomotive and wheels manufacturing units under a single entity, the Indian Railway Rolling Stock Company (IRRC). This is as the national’s economic situation does not permits huge-order spending and thus corporatization of Indian Railways is eyed.
The concept of IRRC is based around the model similar to China’s CRRC Corporation Limited. And with the development we may see the emergence of the world’s biggest rolling stock companies, beating giants such as Siemens, Bombardier, GE, etc. Also, in its 100-day action plan, there have been calls made to privatise the carrier and some private entities place their interest to run and operate trains on some select route. Nonetheless, to clear the concerns of the trade union, Goyal reiterated that corporatization of some of the units is being sought after and there is no question of privatization.