AGENCY
New Delhi: Notwith-standing recommendation by government panels, Railways Minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a “bogey” being raised by those who do not want any change. He further said the concept of privatisation gives confusing signals and envisages the possibilities of ownership transfer of an enterprise to a different entity or management which
was not possible in railways.
“Railways will continue to be owned by Government of India, managed by Government of India.
“We want change not for the change in ownership. We do not want change for somebody to run the precious assets of railways. We want to bring in private capital or technology to improve the functioning of railways so that railways become more valuable,” Prabhu told PTI in an interview.
Prabhu’s remarks come in the backdrop of raging debate on the privatisation of railways with the government-appointed committee headed by economist Bibek Debroy recommending corporatisation of the loss-making public transporter and suggesting that the Ministry of Railways be only responsible for policymaking and private players should be allowed to run passengers and freight operations.
According to the latest CAG report on railways, the Indian Railways was unable to meet its operational cost of passenger and other coach services and there was a loss of Rs 23,643 crore in the same during 2011-12. (PTI)
