Railways Minister Piyush Goyal yesterday (Monday, 28th January 2020) at the India-Brazil Business Forum in New Delhi, said the entire network of the Indian Railways will run on electricity by 2024 and become a net-zero emission network by 2030.
“By the year 2024, we expect the entire Indian Railways, which is about 125,000 km of track length and nearly 68,000 km of route length, to be 100% run on electricity,” Railway Minister said. “By 2030, we plan to make the entire railway network a net-zero emission network. We will have no emission from the railways, it will run on clean energy and clean power,” he said, and added that it will be the first railway in the world to be run fully on electricity.
“We are very conscious of our responsibility to the environment. We are embarking on rapid electrification of our rail network.” The minister also said India will love to partner with Brazil on a rapid engagement on the railways side and hoped that investments will also grow in the sectors of clean energy, startups, railways and creation of value chains between India and Brazil where goods may be semi assembled in one country and finished in another.
The minister said both countries have set up a target to take bilateral trade to $15 billion by 2022, from the current $8.3 billion. He requested the Indian industry to give fresh nominations of people who are looking for engaging with the South American country.
Talking about business opportunities in both countries, he said businesses of both sides can look at potential in areas like railways, infrastructure, tourism, agriculture, clean energy and startups. Commenting on Brazil President Jair Bolsonaro’s announcement on visa-free travel between the two countries, Goyal said visitors for business and tourism will benefit from this.