Suresh Prabhu invites foreign investment in manufacturing

Last Updated: Saturday, August 29, 2015, 14:49

Railway Minister Suresh Prabhu Saturday invited other countries to make India their base for manufacturing as the government would be investing USD 120 billion over the next five years to develop railway services.

Prabhu proposes lowest operating ratio for railways in 9 years

Last Updated: Thursday, February 26, 2015, 13:32

Addressing the pressing issue of finances for the Indian Railways, Minister Suresh Prabhu Thursday proposed an operating ratio below 90 percent to increase revenues for the system.

Prabhu promises to raise Indian Railways to global standards

Last Updated: Thursday, February 26, 2015, 13:26

Minister Suresh Prabhu began presenting his maiden budget for the Indian Railways in the Lok Sabha Thursday, promising to balance the needs of passengers and the long-term interests of the network so that it can be benchmarked globally on quality, safety and reach.

India promises more investment in decrepit railways

Last Updated: Thursday, February 26, 2015, 12:59

India will increase investment in its overloaded railway network to 8.5 trillion rupees (USD 137 billion) over the next five years, the government said on Thursday, promising to modernise existing tracks and introduce faster trains.

Railways not to be privatised, but investments needed for growth: Prabhu

Last Updated: Monday, January 19, 2015, 18:36

Railway Minister Suresh Prabhu on Monday mooted the idea of foreign pension funds being invested in initiatives to raise financial resources for the Railways.

Railway finances in 'deep trouble': Suresh Prabhu

Last Updated: Saturday, January 17, 2015, 11:57

Suresh Prabhu said the Railways can become an engine of growth in the coming years and contribute 2.5 percent to three per cent in the GDP with an improved infrastructure.

Prabhu allays privatisation fear, seeks private investment in railways

Last Updated: Monday, December 22, 2014, 21:00

In the backdrop of railway unions voicing stiff opposition to any possibility of privatisation in the rail sector, Railway Minister Suresh Prabhu Monday allayed the apprehension, saying there should not be any misgiving on it.

Railways need big investment, says Prabhu

Last Updated: Friday, December 12, 2014, 20:22

Expressing serious concern over the financial health of Indian rail, Railway Minister Suresh Prabhu on Friday said it was "too close for comfort" and there was a need for massive investment in the sector.

Railways needs over $100 billion for transformation: Suresh Prabhu

Last Updated: Saturday, December 6, 2014, 18:21

Railways needs investments of over USD 100 billion in next 3-4 years to transform itself and the government is working on a plan to attract funds including from overseas, Union Minister Suresh Prabhu said Saturday.

Prabhu assuages fears over privatisation of Railways

Last Updated: Wednesday, December 3, 2014, 15:50

Suresh Prabhu on Wednesday said the Centre was seeking private capital investment in cash-strapped Railways to meet the resource crunch and it does not amount to privatisation as the Railways unions claim.