Railways privatisation ruled out

New Delhi: Railways Minister Piyush Goyal on Tuesday asserted that Indian Railways will never be privatised but said that private investment in the sector should be encouraged for more efficient functioning. Replying to a discussion on Demands for Grants for Railways, Goyal said there has been no death of any passenger due to a rail accident in two years and the railways has been putting enormous focus on passenger safety.

The minister said the country can progress towards high growth and create more employment opportunities only when the public and private sectors work together.

"Indian Railways will never be privatised. It is a property of every Indian and will remain so," the minister said, adding that it will remain with the Government of India. Goyal said the Modi government has hiked investment in railways to ₹2.15 lakh crore in 2021-22 fiscal, from ₹ 1.5 lakh crore in 2019-20 fiscal.