Govt proposes to invest 50 lakh crore rupees for modernisation of Railways

Railway Minister Piyush Goyal has said that Railways is looking at a 50 lakh crore rupees investment over the next 12 years.

Speaking in New Delhi, he said, it is coming out of joint ventures so that it can modernize the railways, bring down the logistics cost and improve the share of freight in railway network and make the journey world-class.

Mr.



Goyal, who also holds the charge of Commerce Ministry said, Government is making huge efforts to give support to bankers to lend boldly and freely to the NBFC sector and the real estate sector.

He said, all of the stakeholders should work together and work in the direction of change to protect the entire value chain.