Insights: Railways undertakes various initiatives to increase revenue from freight

Indian Railways is undertaking many initiatives to meet the needs of freight in terms of timely availability, reliable service and proper handling of cargo.

More Details:

  • The percentage increase in revenue from freight traffic by Railways during the last three years vis-à-vis previous year is as under:
YearFreight RevenueVariation over previous year% age variation
2022-23 (upto Nov-2022)1,03,846.9814,442.5116.15%
  • The Ministry of Railways has schemes to attract private investment in General Purpose Wagons, Special Purpose/High Capacity wagons and Automobile carrier wagons.
  • Various steps taken by the Railways for speedy sanction and implementation of rail projects including augmentation of Traffic Facility include:
    • Setting up of Gati Shakti units
    • Prioritisation of projects
    • Substantial increase in allocation of funds on priority projects
    • Delegation of powers at field level
    • Close monitoring of progress of projects at various levels, and
  • Regular follow up with State Governments and concerned authorities for expeditious land acquisition, forestry and wildlife clearances and for resolving other issues pertaining to projects.
  • This information was given by the Minister of Railways, Communications and Electronic & Information Technology, Shri Ashwini Vaishnaw in a written reply to a question in Rajya Sabha.

Source: PIB- Press Release | Image Credit (representational): SCR