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May 6, 2010

Railways Encourage Private Invstment in Rolling Stocks

Railways Encourage Private Invstment in Rolling Stocks

Post under at 1:02 AM Posted by Bubble
   There is no shortage of wagons for transportation of foodgrains on Government
account and fertilizers as these commodities are loaded on high priority.

    To encourage private investment in rolling stock, various schemes like Own Your
Wagon Scheme (OYWS), Wagon Investment Scheme (WIS) and Liberalized Wagon
Investment Scheme (LWIS) have been launched by Indian Railways from time to time
wherein cooperatives and Public Sector Undertakings (PSUs) are also allowed to
participate.

    Cooperatives and PSUs have responded well to these schemes. Under OYWS,
cooperatives and PSUs like Indian Farmers Fertilizer Cooperative Limited (IFFCO),
Krishak Bharati Cooperative Limited (KRIBHCO), Rashtriya Chemicals & Fertilizers
Limited (RCF), Indian Oil Cooperation (IOC), Hindustan Petroleum Corporation
Limited (HPCL), Madhya Pradesh State Electricity Board (MPSEB) etc. have
participated. Minerals and Metals Trading Corporation (MMTC) has participated in
Wagon Investment Scheme (WIS) and National Aluminium Company Limited (NALCO) has
participated in Liberalized Wagon Investment Scheme (LWIS).

    This information was given by the Minister of State for Railways, Shri K.H.
Muniyappa in a written reply in Lok Sabha today.


SOURCE - PIB
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