Indian Railways Market 2018-2021: The Plan to Fully Electrify the Rail Network
New Delhi: The “Demystifying Business Opportunities in Indian Railways plan to fully electrify its rail network by 2021” report has been added to ResearchAndMarkets.com’s offering.
Today, out of the seven major trunk routes connecting Mumbai, Kolkata, New Delhi and Chennai, six are fully electrified and work is in progress on the remaining Mumbai-Chennai route.
As part of a strategy to speed up the electrification of railway lines under Mission Electrification’ plan unveiled November 2016. So far only 42% of… the lines are currently electrified. The Rail ministry is planning to increase its electrified network to 52,400 RKM by 2021. The Indian Railways is expecting to cut its fuel bill by Rs. 3,300 crore annually by 2020-21, by electrifying 90% of all broad gauge tracks under Mission Electrification’ plan.
In 2017-18 Budget, it was announced the Railways would tap the EPC route for expediting electrification projects. Electrical traction is as environmentally friendly, pollution-free and energy efficient mode of transport and offers an excellent alternative to fossil fuels as a source of energy.
The 35,000 crore electrification program could be just a starting point for nearly half of the railway’s network remains un-electrified and existing electrification might as well require a retrofit.
Electrification of 52% of un-electrified network augurs well for Electrical Equipment OEMs’ intends to quantify the associated business opportunities for electrical equipment OEMs and OEMs of electric locomotives over a period of next five years i.e. 2021-22. The reseachers will conduct in-depth primary research backed by secondary research and provide indispensable information, analysis, and insights that can be baked into the business plan of companies that will be supplying its services and products to railways electrification program.