However, orders for new electric freight locomotives and Vande Bharat trains and the commissioning of 66.27% and 57.3% of the planned eastern and western dedicated freight corridors, respectively, are positives
While the increasing speed of locomotives on the Western and Eastern DFCs has helped lower cargo movement time, a lot still needs to be done to reach the average speed goals of 75 km/hour, he said.
Roland Busch says there is a war for talent in India as companies across the world are scouting for skilled manpower.
The locomotives are part of a massive order of 800 WAG-12B engines signed by the Indian Railways and Alstom in 2018 valued at Rs 40,000 crore, spread over 10 years.
Alstom is also making freight locomotives for the Indian Railways, setting up rail tracks and supplying components.
By year-end, all 10,800 locos of the railways will have antennas fixed on them and they will be monitored inside the driver's cabin, senior officials of the national transporter told PTI.
Cracking the whip, Railway Minister Suresh Prabhu today asked the zonal heads and Board Members to "act or relinquish the responsibility" after two train derailments in two consecutive days and knocked at the doors of Japan and Korea for technical solutions to put an end to such mishaps.
In an interview to CNBC-TV18, AK Vijay, ED of Texmaco Rail spoke about the results and his outlook for the company.
Under the plan, people who already live in New York would foot the bill for services for new companies that will enjoy no taxes for 10 years.