HomeNewsBusinessEconomyRailways mulling more advts, sponsoring uniforms to hike revenue

Railways mulling more advts, sponsoring uniforms to hike revenue

Minister of Railways Suresh Prabhu gave these details in Rajya Sabha during the Question Hour, where he also informed members that the government is working to complete the dedicated freight corridor by 2019 after which it is expected that the average speed of Indian trains would go up substantially by 2020.

April 29, 2016 / 15:33 IST
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Railways is considering a slew of innovative measures like exploiting space rights over station buildings, sponsorship of uniforms for its personnel, commercial farming alongside tracks, in its bid to boost non-fare revenue.

Minister of Railways Suresh Prabhu gave these details in Rajya Sabha during the Question Hour, where he also informed members that the government is working to complete the dedicated freight corridor by 2019 after which it is expected that the average speed of Indian trains would go up substantially by 2020.

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The Minister said a Mobility Directorate had been set up to look at aspects related to increasing speed while another Directorate has come up to deal with non-fare revenues.

In successful railway systems across the world, non-fare revenues form a big chunk but with regard to Indian Railways, these earnings are not significant. "If you don't increase non fare revenue, financial viability of Railways will be affected," he said.