Ghosh Dastidar, former member of traffic of Railway Board, says, of late project implementation has improved a bit, so if capital is available, then it will be used. But, the government needs to ensure that capital is spent on productive asset creation
In its present form or the current railway structure, Railways cannot turn profitable, former chairman of the Railway Board Vivek Sahai says. According to him, government has to focus on bringing down operating ratio and improve freight volume considering increasing freight rates further is not an option.
How Titagarh Wagons acquired Frances sinking Arbel Fauvet Rail in 2010 and turned it around.
Disappointment was the verdict of traders after India's railway ministry announced plans to borrow Rs 50,000 crore from the market in the 2012-13 fiscal year and to invest USD 147 billion during the next five-year plan.
Umesh Choudhary, MD, Titagarh Wagons in an interview with CNBC-TV18 spoke about the recent happenings in the company and and their divulged future plans.