In order to further boost the earnings, a major decision was taken by the Indian Railways. As per this decision, it has placed orders for 84,000 bogies in order to boost the share of transportation and earnings.
The previous record for Indian Railways earnings
during the financial year 2022-23 was broken by Indian Railways. The earnings data that were released by the Railways. The figures show a rise in both freight earnings and passenger fares. To increase the earnings numbers and to increase the earnings. The Railways have taken a significant decision. As per this decision, Railways has issued orders to purchase 84,000 bogies. In order to boost the share of transportation and revenue. This information has been provided by the Minister of State, Railways Darshana Jardosh.
The goal of increasing the percentage of Indian Railways freight traffic.Â
In the next few days, with the rise in Railway’s earnings. The exclusion granted to seniors in the cost of fares will be reinstated. Railways have set themselves a goal to increase the share of freight to 45 percent in 2030. In order to achieve this it is a request for 84,000 bogies was placed this year which is the highest amount ever. Railways announced in a conference of the Industry Board Assocham. That the Railways are likely to reach the highest capacity for carrying 1500 million tonnes in the coming year.
Target to rise between 27 and 45 percent.
The Minister of State in charge of Railways declared that rail transport is typically utilized to transport large quantities of products. At the present, many items that could be transported by road are being carried via rail containers. Zardosh stated, “Keeping all of these aspects at heart, a goal was made to boost the proportion of freight trains from 27 percent to 45 percent in 2030. To achieve this, four factors track accessibility bogie and rack availability, and terminal accessibility will be needed in addition to different transportation plans.
She added that government had stressed these points over the past eight years.
From 2014 to 2021-22 the rail tracks were granted according to seven kilometers per day. Now, it is now 12 km per day. He explained that the projects that are being developed quickly will help to connect all regions of the nation. He told me that 61 percent of the dedicated corridor for freight work is also completed. Once it’s completed and operational, freight movements will be extremely fast.
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