Union Minister of State for Railways Manoj Sinha said the government will welcome private investment for the development of railways.
Union Minister of State for Railways Manoj Sinha said the public enterprise will not be privatised under the NDA rule, though investments from private players will be welcomed for its development.
"We are not in favour of privatisation of Indian Railways at all under the NDA rule," Mr Sinha, who was in Gwalior yesterday to flag off Bhind (MP)-Etawah (UP) passenger train, told reporters.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan was also present on the occasion.
"Yes, we are ready for private investment in the Railways. We will welcome private investment for the development of railways," he said.
To a poser, Mr Sinha said that Railway Spring factory, located near Gwalior, will not be shut, instead it will be modernised, adding, "Provisions for the same have been made in the 2016-17 Railway budget."
He said despite financial constraints, Rs 4,200 crore has been sanctioned for Madhya Pradesh to strengthen and develop the rail network.