Live
- Beautification works to pick up pace in city
- Dozen flyovers to come up in Visakhapatnam
- NDA govt is controlling prices effectively: Dinakar
- Jagan govt didn’t pay even kids’ chikki bills: FM
- Bomb Threat at Shamshabad Airport: Passenger Detained, No Explosive Devices Found
- CID probe soon into past irregularities in excise dept
- FiberNet to provide 50 lakh cable connections
- Gold rates in Hyderabad today surges, check the rates on 16 November, 2024
- Gold rates in Visakhapatnam today surges, check the rates on 16 November, 2024
- Fire breaks out at an apartment in Manikonda, no casualties
'Make in India' is a marathon, not a sprint: Suresh Prabhu
The Railways Ministry is investing billions of dollars to modernise the sector and give a push to the \'Make in India\' initiative, which is a \"marathon\" and not a \"sprint\", Railways Minister Suresh Prabhu said on January 30.
The Railways Ministry is investing billions of dollars to modernise the sector and give a push to the 'Make in India' initiative, which is a "marathon" and not a "sprint", Railways Minister Suresh Prabhu said on January 30.
Prabhu said the government is making right investments to make the manufacturing initiative a success story.
'Make in India' "is a mission and not a slogan. We are working on it. I always say that if you are doing a marathon run, do not run as a sprinter," he said here at the ET Global Business Summit.
There are lot of comparative advantages in India for the manufacturing sector and the world situation today favours India, he said.
Talking about modernisation of the railways, he said the ministry has already issued tenders for USD 7 billion for diesel and electric locomotives.
Besides, the ministry is planning to invest USD 20 billion to USD 25 billion for locomotive and coach building factories in West Bengal.
He also said that about 85 per cent of the over USD 16 billion high speed rail network will be made in India and "the ecosystem which will be developed because of (these investments) will be unimaginable".
