Indian Railways in next five years would completely switch to the electric trains, weeding out the diesel based engines completely.
The move comes after two months post run-in with manufacturing giant GE over the making of diesel locomotives.
Speaking at a meeting of the executive committee of the industry lobby group Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday, Railway Minister Piyush Goyal said, "We have planned to switch all trains to electric-driven in the next five years."
He further added that the diesel locomotives would be used for backup purposes in the yards.
The current decision of switching entirely to electric trains would help the railways to save around Rs 11,500 crore (billion) on an annual basis.
However, the move raises clouds of doubt ober GE’s Marhaura diesel locomotive project in Bihar, where the company is setting up a factory at an estimated cost of Rs 2,052.58 crore (billion).
Under the project, Railways Ministry has limited equity contribution which was planned for over a period of 10 years, whereby, GE was to supply 1,000 diesel locomotives of 4,500 and 6,000 horsepower with high-level performance guarantees.
Spokespersons for GE have not reacted over the issue yet.
Meanwhile, for ensuring the safety of passengers, Indian Railways is diverting new tracks to replace the old ones instead of just laying down new lines.
Railways Minister Piyush Goyal informed that new tracks are being diverted for track renewal and the government is committed to the task at hand that there are no budget constraints.
Recently, Railways had floated a global tender for procuring 7 lakh metric tonnes of rails for track renewal.
Moreover, sources in the ministry said that in order to uplift passenger experience, the national carrier was in the process of procuring and installing one lakh television screens at stations across the country.
Sources also added that apart from this, to add to passenger comfort the railways would be installing several lakhs (millions) more chairs at the top 1,000 or 1,500 railways stations where footfall was highest.
Earlier, Prime Minister Narendra Modi had appealed to all MPs to set aside a portion of their MPLADS funds for providing better amenities at stations under their constituencies.
India's External Affairs Ministry spokesperson Randhir Jaiswal said Indian companies procure energy supplies from across the world based on overall market conditions.
India says it does not recognise unilateral sanctions.
The UK imposed sanctions on Gujarat’s Vadinar refinery owned by Nayara Energy.
New measures are aimed at curbing Moscow’s oil revenue.
India calls for an end to double standards in global energy trade.
INDIA on Thursday (October 16) said it does not recognise unilateral sanctions and called for an end to double standards in energy trade after the United Kingdom imposed sanctions on the Vadinar oil refinery in Gujarat.
The UK announced new sanctions targeting several entities, including the Indian refinery owned by Nayara Energy Limited, as part of measures aimed at restricting Moscow's oil revenue.
"We have noted the latest sanctions announced by the UK. India does not subscribe to any unilateral sanctions," External Affairs Ministry spokesperson Randhir Jaiswal said at the ministry’s weekly briefing.
"The government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens," he said.
Jaiswal said Indian companies procure energy supplies from across the world based on overall market conditions.
"We would stress that there should be no double standards, especially when it comes to energy trade," he added.
Earlier, Nayara Energy had been targeted by European Union sanctions, which the company had strongly condemned.
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