Railways to run 100% on electricity by 2024, become net-zero emission by 2030: Piyush Goyal

NEW DELHI: Commerce and industry, and railways minister Piyush Goyal on Monday said the entire network of the Indian railways will be run completely on electricity by 2024 and become a net-zero emission network by 2030.

“By the year 2024, we expect the entire Indian Railways, which is about 125,000 km of track length and nearly 68,000 km of route length, to be 100% run on electricity,” Goyal said at the India-Brazil Business Forum here.

“By 2030, we plan to make the entire railways network a net-zero emission network. We will have no emission from the railways, it will run on clean energy and clean power,” he said.

It will be the first railway in the world to be run fully on electricity. We are very conscious of our responsibility to the environment. We are embarking on rapid electrification of our rail network.

The minister also said that India would love to partner with Brazil on a rapid engagement on the railways side and hoped that investments will also grow in the sectors of clean energy, startups, railways and creation of value chains between India and Brazil where goods may be semi assembled in one country and finished in another.

$15 billion bilateral trade

The minister said that both the countries have set up a target to take the bilateral trade to $15 billion by 2022 from the current $8.3 billion and suggested the Brazilian side to reconstitute and activate India-Brazil Business Leaders Forum to boost economic ties between the two countries.

He requested the Indian industry to give fresh nominations of people who are looking for engaging with the South American country.

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Talking about business opportunities in both the countries, he said that businesses of both the sides can look at potential in areas like railways, infrastructure, tourism, agriculture, clan energy and startups.

Commenting on President of the Federative Republic of Brazil, Jair Bolsonaro’s announcement for visa free travel between the two countries, Goyal said that visitors for business and tourism between two countries will benefit from this.



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