Railways will never be privatised: Piyush Goyal tells Lok Sabha

at 2:51 pm

New Delhi (NVI): There are no plans to privatise Indian Railways and it will always remain under the Government, Union Minister Piyush Goyal said today while replying to a discussion in Lok Sabha.

The Union Railways Minister, however, stressed on the need for private investment in Railways so as to make it more efficient.

“The country can progress towards high growth and create more employment opportunities only when the public and private sectors work together,” Goyal said in the Parliament.

He said that the Government wishes to make Indian railways act as an “engine for growth” and that the country’s railway infrastructure has seen a new vision under Prime Minister Narendra Modi.

He further informed the House that the Modi government has hiked investment in railways to Rs 2.15 lakh crore in 2021-22 fiscal, from Rs 1.5 lakh crore in 2019-20 fiscal.

Goyal’s statement in Parliament comes amid protests from bank employees across the states over privatisation of two public sector banks. State banks are currently a two-day nationwide strike.