What is your analysis of the railways industry in India at present?
India has the fourth-largest rail network in the world and we at Bombardier are pleased with the efforts of Indian Railways and Metro rail organisations to modernise the rail transportation in India.
There are multiple challenges to rail infrastructure development - funding constraints, land acquisition issues and shortage of skilled manpower are some major reasons currently causing delays in infrastructure projects. With modernisation in the intermodal transport, rail transportation can be a significant engine of inclusive growth and development for India.
We are pleased with the overall direction of Indian Railways and Metro rail operators in India, which stresses on safety, introduction of new trains and technologies, increased focus on PPP (Public-Private Partnership), improving passenger comfort, standardising norms, introduction of innovative financial models and most importantly reinforces commitment to involve the private sector. There is a growing market for public transit driven by urbanisation, environmental concerns and, most importantly, infrastructure spending by cities and governments.
Indian rail transportation market is very strong, and we have a key role to play. With Indian government, we’re seeing clarity on modes of transport ideal for a particular city with major focus on integration and safety.
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