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Press Release

Entire rail network to be fully electrified by Dec 2023; entire rail network to run on renewable energy by 2030: Piyush Goyal

Mar 03, 2021

  • Re-invent with technology driven solutions to make maritime sector SAFE: Sustainable, Agile, Futuristic, Efficient
  • Govt working on multi-modal logistics solutions to bring down the cost of transportation, increase supply chain efficiency

NEW DELHI, 3rd March 2021: Mr Piyush Goyal, Union Minister for Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Govt of India today said that the government is working to ensure that the entire rail network will be fully electrified by December 2023 and the entire rail network will run on renewable energy by 2030.

Addressing the virtual session 'Investment Opportunities in Andhra Pradesh', during the 'Maritime India Summit 2021', organized by the Ministry of Ports, Shipping and Waterways, jointly with FICCI, Mr Goyal said that India has had a glorious maritime history and we are on the path to build an even greater maritime future. "In the last 6 years, the capacity of our major ports has almost doubled. We have developed smart cities and industrial parks and integrated ports with the coastal economic zones. Integration of Road, Rail & Waterways can truly make India 'One Nation, One Market, One Supply'," he added.

Mr Goyal further said that we need to reduce our logistics cost so that the international and domestic freight costs will reduce from 13-14% cost of goods to a more acceptable international benchmark of 8%. "Bringing down the logistics cost is the need of the hour today. India cannot be competitive as long as our logistics cost remains so high. We are working on multi-modal logistics solutions to bring down the cost of transportation & increase supply chain efficiency. It's time that we plan our port sector in such a manner that we can have modern and efficient ports, the turnaround time of ships can be brought down significantly. A more competitive spirit will help to keep the cost in freight and at port low," he said.

Maritime India summit 2021, he said will be the beginning of our victory against high freight costs, our victory to be an international player in maritime sector, our victory in ensuring jobs. "Under PM's leadership, the country has had a very rapid V-shaped recovery. This Maritime India Summit 2021 will be the beginning of our victory to be an international player in the sector," he added.

Highlighting the potential in Andhra Pradesh, Mr Goyal said that the government is working closely with the Govt of Andhra Pradesh to further develop road, rail and port infrastructure and promote dedicated freight corridor as both for encouraging economic activities and bring manufacturing activity & promote industrial parks in the State. "I would urge industry captains to let us build industry at sea. We on our part will ensure ease of doing business. We will work in partnership with States for enhancing ease of doing business at state and local level.

He further stated that the maritime sector is a very critical sector for Atmanirbhar Bharat. We are working to turn our coastal region into a role model for ease of living and ease of doing business. He added that the government is working on 3 mantras for the infrastructure sector in the country � Upgrade, Create, Dedicate. "If we re-invent with technology driven solutions like robotics, automation, artificial intelligence, big data analytics, our sector is SAFE- Sustainable, Agile, Futuristic, Efficient. I appeal to all stakeholders to utilize this opportunity to transform from being 'service provider' to 'knowledge provider'," Mr Goyal asserted.

Mr R Karikal Valaven, Special Chief Secretary Industries, Investment & Commerce, Govt of Andhra Pradesh said that the state of Andhra Pradesh is a natural choice for any investor to come and invest because of a very vibrant coastline. He further said that it is the endeavour of the state government to reduce the cost of doing business. "The state has a very good network of roads and railways and now with port infrastructure, the maritime economy is going to thrive. We are developing multimodal logistics parks to facilitate transportation," he added.

Highlighting the State's industrial policy, YSR AP1, Mr Valaven, said that it is a one stop shop for investors providing all solutions, handholding, facilitation, market support and all support required for doing business.

He further stated that the state government is also planning to promote maritime tourism. "Tourism is an area of our interest. All sea ports and fishing harbors will be connected through cruise tourism. We are aiming at inclusive growth for the state," added Mr Valaven.

Mr K. Rama Mohana Rao, Chairman, Visakhapatnam Port Trust Mr NP Ramakrishna Reddy, CEO, AP Maritime Board; Lt Cdr Ravindra Reddy, Dy. CEO, AP Maritime Board and Mr Durgesh Dubey, Deputy Chairman, Visakhapatnam Port Trust also shared their perspective during the session. 

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