As we live in a global village today, I appeal the engineers in the manufacturing sector to make for India first and make India a global manufacturing hub with quality products, said Shri Suresh C Angadi, Minister of State for Railways. The minister was speaking at the International Rail Conference 2019 coinciding with 13th edition of International Railway Equipment Exhibition (IREE) at New Delhi today.
Indian Railways have undertaken various initiatives to provide impetus to the Make in India program and encourage investment in railways through many investor-friendly policies. Railways facilitates 20% special subsidy for the manufacturers. The minister invited the industry to tap these opportunities and asked to focus on manufacturing quality products which can attract more foreign investments and help making India a global manufacturing hub. Railways has a galore of opportunities for the industry, be it in product and solution segments or in creating large scale employment and economic development, he added.
Delving deep into the potential transformation of Indian Railways through technology and innovation, Dr V K Saraswat , Member, NITI Aayog said, R&D is the fundamental building block which can provide impetus to Make in India with real value addition. India needs a strong R&D base to introduce advanced technologies and Industry 4.0. RDSO (Research, Designs & Standards Organisation) and Design Centre for Railways can further be made high-end sustainable development centre to transform Indian Railways in to a global leader in technology and make it the preferred mode of transportation. Adding further, he said, Special Railway Establishment for Strategic Technology & Holistic Advancement, (SRESTHA) has answers to many of the Railways technology requirements and can be structured across all aspects of transportation in building new technology-based products for Indian Railways in new areas.
Inviting the industry leaders to rapidly scale up the railway experience, Mr Rajesh Agrawal , Member (Rolling Stock), Railway Board said, Industry 4.0 which is a low hanging fruit to scale up transportation, mobility and industrial scenario, offers a more comprehensive and interlinked approach to industrialisation and will help bringing in the desired scale, competency and the larger picture of growth. Coinciding India’s 100th year, we must look at becoming world’s largest economy’, he added.
In his welcome address, Mr Anand Chidambaram, Chairman, CII RTED reassured that the Indian Industry will provide all support to the Indian Railways in making it a global leader.
23 October 2019