Sunday, May 18, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Technology

Technology: Indian Railways ready to share digital expertise with Asian railway network

Fiinews by Fiinews
April 9, 2023
in Technology
Reading Time: 3 mins read
A A
0
PIB

Trans-Asian Railway network meeting held in New Delhi 5-6 April.

0
SHARES
12
VIEWS
LinkedinShare on Twitter

0:00

Tanaka wants to augment the operational performance of rails

Indian Railways is expanding its digital footprints on every aspect of rail transport and is ready to share its experience and expertise with members of the Trans-Asian railway network and especially with those countries that are starting their rail digitalization journey.

Chairman of Indian Railways Anil Kumar Lahoti stated this at a High-Level Conference on Accelerating Rail Digital Transformation in Asia and Pacific region which was held in New Delhi 5-6 April 2023.

Trans-Asian railway network provides a coordinated plan for developing a regional rail network to support intra and inter-regional trade and transport.

The 128,000-km rail network passes through 28 countries and was formalized through an Inter-governmental Agreement on Trans-Asian Railway network that entered into force in 2009.

Also addressing the conference, the Head of the UN ESCAP office in New Delhi Mikiko Tanaka has emphasized the need to leverage digitalization to further augment the operational performance of rail and increase freight and passenger transport by rail to support countries in realization of sustainable development goals.

The Conference deliberated on ways and means to accelerate rail digital transformation in Asia and the Pacific to enhance competitiveness of rail transport to attract more freight and passenger to rail transport.

The participating countries deliberated on a regional strategy on accelerating rail digital transformation in Asia and the Pacific that was presented by Sandeep Raj Jain, official from the Transport Division of UN ESCAP head office in Thailand.

The proposed strategy aims to provide coherence and momentum to current initiatives on rail digitalization; foster an ecosystem to harnesses full potential of rail digitalization; augment the operational performance, capacity, reliability, safety, and security of rail assets; enhance customer experience including ease of doing business; create synergies through partnerships to digitalize rail; and ensure high level political support on rail digitalization. It further identifies eight priority areas and five cross cutting issues to deepen the regional cooperation on accelerating rail digital transformation.

Among the cross-cutting issues, the strategy proposes to set up a regional capacity building programme on rail digital transformation with a pool of experts to enhance digital skills of railway officials. For financing rail digital projects, the strategy suggests countries to establish a rail digital and innovation fund as multi-donor trust fund to support landlocked and least developing countries to leapfrog to digital technologies.

On strengthening rail cybersecurity, it advocates developing a regional framework for rail cybersecurity for sharing of information, capacity building and learning from experience.

The strategy also aims to heighten engagement with private sector by encouraging countries to supportive legal and regulatory framework that attract private investments and expertise in rail digital applications.

The proposed strategy also provides for implementation arrangements with suggestion to formulate national and sub-regional strategies on rail digitalization and measuring progress through developing a rail digital and innovation index complemented by three level of maturity for rail digitalization.

The Conference participants welcomed the draft strategy on accelerating rail digital transformation presented by ESCAP secretariat and underlined that its adoption and subsequent implementation can fast track rail digitalization, particularly, for landlocked and least developing countries of the region.

Jaya Varma Sinha, Member Operations and Business Development of Railway Board, informed the Conference on the willingness of the Indian railways to support regional rail digitalization initiatives through platform provided by ESCAP.

The two-day Conference ended with a recommendation to adopt the regional strategy on accelerating rail digital transformation by the members of Trans-Asian Railway network, Ministry of Railways said in a release on 7 April 2023. fiinews.com

Tags: Ministry of Railways
ShareTweetShare

Related Posts

Comviva Logo
Technology

Tech: Comviva-Southampton empower future workforce

by Fiinews
May 17, 2025
0
15

Future of digital innovation lies in partnerships, says Chandiramani Comviva, a global leader in customer experience and data monetization solutions...

Cochin International Airport
Technology

Tech: Cochin Airport sets up cyber defense centre

by Fiinews
May 17, 2025
0
18

Rs.200cr ‘CIAL 2.0' digital transformation programme for airport operations Cochin International Airport Limited (CIAL) has taken a major step forward...

L&T Cloudfiniti

Tech: Partners to focus on quantum computing

May 17, 2025
21
NITTR.

Tech: Chandigarh launches Cyber Wellness Clinic

May 15, 2025
15
Biz2X

Tech: Biz2X Underwriting Agent unveiled in Delhi

May 16, 2025
41
Telstra-Accenture

Tech: Telstra-Accenture launched AI hub

May 15, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: LTIMindtree says hub to serve EU
  • Market: Data Centre to reach $10.7bn by 2030
  • Project: DPIIT-GEAPP signed clean energy MoU
  • Export: DGTR protects India’s trade interests
  • Tech: Comviva-Southampton empower future workforce

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.