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Indian Railways to run 100% on electricity by 2024: Piyush Goyal

India Brazil Business Forum: Piyush Goyal said that Indian railways is expected to be run on 100 per cent electricity. Here's for more

twitter-logo BusinessToday.In        Last Updated: January 27, 2020  | 17:37 IST
Indian Railways to run 100% on electricity by 2024: Piyush Goyal
Union Railways minister Piyush Goyal

Railways minister Piyush Goyal stated on Monday that the Railways is expected to switch completely to electricity by 2024 as diesel locomotives are steadily being shunted out of service. Speaking at the India-Brazil business forum, Goyal said, "By the year 2024, we expect the entire Indian railway to be run on 100 per cent electricity. It will be the first railway network in the world to be run on 100 per cent electricity. By 2030, we plan to make the entire railway network a net-zero emission network".

This forum was organized during Brazilian President Jair Bolsonaro's official India visit from January 26 to 27. Apart from Goyal, this event was addressed by Bolsonaro and several other Indian ministers. The central government minister also went onto say that India is planning to make the entire Indian railways a "net-zero emission network" by 2030.

He also stressed on the fact that India wants to be a trade partner with Brazil and said, "India would also love to work together with Brazil on infrastructure development."

Furthermore, the minister said that India has a market that is looking forward to grow into a $5 trillion economy, full of young workforce, vibrant and free society with the rule of law, strong judiciary and media, stable government policies and business-friendly environment.

Also read: Air India sale: Subramanian Swamy threatens to drag Modi govt to court; calls the move 'anti-national'

Also read: Banking sector is biggest stress point, govt in no position to bail it out, says Abhijit Banerjee

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