9:28 PM
NEW DELHI, OCTOBER 14 :
Indicating a shift in the approach of the core underlying principle of Indian Railway’s product procurement, Hemant Kumar, Member (Mechanical), Railway Board, said they would prefer to buy “technology” rather than “products”. He was speaking at a conference on railways here on Wednesday.
“I am votary of buying technology than buying products…We want to create capability to design in India, make in India,” said Kumar.
Admitting that there had been a trust deficit between the Indian Railways and the private sector, Kumar said the fear of government officials is whether the private sector was making windfall gain, while the fear of the private sector is whether the government will change goalposts, say, by changing laws.
“We do not mind reasonable profits,” said Kumar.
Loco projects
At the conference, Railway Board Chairman AK Mital and Kumar said the two locomotive projects proposed in Madhepura and Marhowra of Bihar could be awarded within this year.
Later, speaking at a Japanese rail seminar, Railway Minister Suresh Prabhu said India could learn from Japan, which has developed home-grown technology. He said another Japanese delegation is set to come before Japanese Premier Shinzo Abe’s visit expected before the year-end.
The Minister said that during his last visit to Japan, pension funds there were exploring the option of investing in India. “Can they look at investing in India,” he asked.
Earlier, Japan’s State Minister for Land, Infrastructure, Transport and Tourism, Junzo Yamamoto, hoped that Indian cities would also benefit from high-speed trains, just like Japanese cities did.
Indicating a shift in the approach of the core underlying principle of Indian Railway’s product procurement, Hemant Kumar, Member (Mechanical), Railway Board, said they would prefer to buy “technology” rather than “products”. He was speaking at a conference on railways here on Wednesday.
“I am votary of buying technology than buying products…We want to create capability to design in India, make in India,” said Kumar.
Admitting that there had been a trust deficit between the Indian Railways and the private sector, Kumar said the fear of government officials is whether the private sector was making windfall gain, while the fear of the private sector is whether the government will change goalposts, say, by changing laws.
“We do not mind reasonable profits,” said Kumar.
Loco projects
At the conference, Railway Board Chairman AK Mital and Kumar said the two locomotive projects proposed in Madhepura and Marhowra of Bihar could be awarded within this year.
Later, speaking at a Japanese rail seminar, Railway Minister Suresh Prabhu said India could learn from Japan, which has developed home-grown technology. He said another Japanese delegation is set to come before Japanese Premier Shinzo Abe’s visit expected before the year-end.
The Minister said that during his last visit to Japan, pension funds there were exploring the option of investing in India. “Can they look at investing in India,” he asked.
Earlier, Japan’s State Minister for Land, Infrastructure, Transport and Tourism, Junzo Yamamoto, hoped that Indian cities would also benefit from high-speed trains, just like Japanese cities did.
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