Goyal wants acquisition of technology and innovation

Japanese bullet-train technology will cover major Indian cities and projects, according to Japan’s ambassador to India, Kenji Hiramatsu.

With the Japanese Prime Minister along with Prime Minister of India laying the foundation stone for the Ahmedabad-Mumbai High-Speed Rail Network, known as the bullet train, the highly safe and efficient ‘Shinkansen’ bullet-train technology will cover major Indian cities and projects,

The 12th International Rail Conference and International Rail Equipment Exhibition (IREE) 2017, he outlined bilateral cooperation both in conventional and high-speed railway systems.

Also speaking at the same event, Minister of Railways, Piyush Goyal said that technology is the catalyst that can magically transform the rail sector and a catalyst for growth of new India.

“We are in a hurry to engage with technology, to engage with innovation and to engage with industry,” he stressed at the International Rail Conference and the 12th edition of the International Rail Equipment Exhibition (IREE) 2017, organised by the Confederation of Indian Industry (CII) in association with the Ministry of Railways,

The Minister emphasized simplification of Railways policy and governance for greater industry engagement through innovative financing models, guaranteed timely payment systems and clearance of pending decisions faster through structured processes.

He also urged industry to come up with new ideas, innovations and frameworks to make the Railways more efficient and safe.

“There is no dearth of funds and we are ready to make investments,” he added.

Talking about the India-Japan relationship, Goyal said, “We have been able to scale up India Japan collaboration in the last three years in high speed train segment and many other technology agreements.”

Japan is the Partner Country for IREE with a large delegation of over 400 members. “We are looking forward to manufacture electric locomotives and serve the rest of the world,” the Minister added.

The conference & exhibition provide an opportunity to Indian and overseas industry to engage in the largest ever modernization and expansion plans of Indian Railways.

the International Rail Conference and the 12th edition of the International Rail Equipment Exhibition (IREE) 2017, organised by the Confederation of Indian Industry (CII) in association with the Ministry of Railways. It was held 11 October 2017. fii-news.com