Time to match good politics with good economics: Railway Minister

The Railway Ministry is investing billions of dollars to modernise the sector and give a push to the ‘Make in India’ initiative which is a marathon, not a sprint, says Railways Minister Suresh Prabhu.

Suresh at Global Biz SummitRailway Minister Suresh Prabhu said the biggest challenge before the country is building an ecosystem in which investments and innovation in technology lead to increased productivity and creation of jobs. The Railways Ministry is investing billions of dollars to modernise the sector and give a push to the ‘Make in India’ initiative, which is a “marathon” and not a “sprint”, Railways Minister Suresh Prabhu said today. ‘Make in India’ “is a mission and not a slogan. We are working on it. I always say that if you are doing a marathon run, do not run as a sprinter,” he said here at the Global Business Summit.

Speaking at the summit on the government’s Make in India initiative on Saturday, he said that the time had come to match good politics with good economics. “Economics is part of overall sociology. Labour-intensive production has to be promoted in a big way for sustainable development, but not at the cost of productivity,” Prabhu said. Prabhu said the government is making right investments to make the manufacturing initiative a success story.

The Skill India and Digital India campaigns are equally important, the railway minister said, adding that Make in India was a mission and not just a slogan. The railways had already issued tenders worth $7 billion for world-class locomotives, Prabhu said, referring to two contracts with GE and Alstom.

The Make in India programme is aimed at turning the country into a global manufacturing hub to generate jobs, raise incomes and bolster growth. The participation of the global community is required to transform railways and transform India. “We are developing an unimaginable rail ecosystem in India. We are making sure that railways pushes economic growth,” he said.

The railways is already using technology to bring about transparency in operations and tendering. Prabhu said Design in India was also important since “we lose a lot on IPRs (intellectual property rights).” He stressed that manufacturing needed to be linked to farms. “There is a potential to create a lot of jobs. There is need to create jobs in packaging and logistics with huge benefits,” he said.


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