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Abstract
To maintain the impetus, the measures for monitoring Rolling Stock and track health and reliability, necessarily have to be technology driven. In the present economic scenario, stability and consolidation are the key drivers to long term sustained growth of the huge transportation provider, which is the Indian Railways. Technology will be a major factor in ensuring this, and significant inputs in Rolling Stock, Track, Infrastructure, Services, Safety and Security will have to be made over the next few years to maintain and expand market predominance. Only through PPP it can be achieved. . Moreover, Indian Railways have to go for PPP to sustain its turnaround strategies adopted during the period 2004-08. IR should concentrate only in core activities of operation and maintenance of rail transport, rolling stock and freight movement. The non-core activities should be allowed for PPP. PPP will be successful if the private players are guaranteed with a minimum return against changes in political climate.