RAILWAYS ENCOURAGE PRIVATE INVESTMENT
Railways Encourage Private Invstment in Rolling Stocks There is no shortage of wagons for transportation of foodgrains on Government accoun...
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Railways Encourage Private Invstment in Rolling Stocks
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.
AKS/HK/LK/TR
SOURCE;PIB
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.
AKS/HK/LK/TR
SOURCE;PIB
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