Policy in 7-8 days to promote pvt sector R&D in railways: Vaishnaw

The Indian Railways will come up with a policy in the next 7-8 days to make private-sector research and development a major part of the railway budget with 90 per cent allocation in the future, Union Minister Ashwini Vaishnaw said Wednesday. While speaking in the concluding session of a post-Budget webinar on technology-enabled development, the railway minister said the defence and space sector has already broken the silos by opening up research and development (R&D) for the private sector and the same needs to be done in other sectors as well. "We are starting something in the Railways soon. In another 7-8 days, we will launch a new policy where private sector R&D would become an integral part or rather major part of railways R&D budget. "We do hope that going forward, probably 90 per cent of railways R&D budget would be in the private sector compared with 100 per cent in the public sector at present," Vaishnaw said. Vaishnaw, who also handles the telecom and IT ...

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