You are here: Home » Economy & Policy » News
Market regulator Sebi proposes to introduce 5 new categories in ESG funds
icon-arrow-left
Business Standard

Railways on fast track to achieve its 100% electrification target by 2024

India is now much ahead of other large railway networks in the world in terms of electrification - with the US at just 1 per cent, China at 72 per cent and Europe at 60 per cent

Topics
Railways  | Electrification | Indian Railways

Shine Jacob & Dhruvaksh Saha  |  Chennai/New Delhi 



Source: Indian Railways Twitter grab
The Railways is also targeting carbon-neutrality by 2030. Soon after the Budget, Railways Minister Ashwini Vaishnaw told Business Standard that the Indian railways will set up “ultra-mega solar plants” too

When the idea of transforming the Indian into a 100 per cent electrified service was first mooted in 2017, there were protests from all corners. Some analysts said the target was unviable, and others pointed to the risks of grid failure. The strongest opposition came from US major General Electric, which was worried about the fate of the $2.5-billion diesel locomotive manufacturing contract that it had signed with the government in 2015 to deliver 1,000 locomotives over 10 years under the signature “Make in India” project.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, February 22 2023. 17:54 IST

RECOMMENDED FOR YOU

.