The bank's economists also revised upward their prediction for 2024-25 by 50 basis points to 7 per cent .
A slew of railway officers will be sent to Japan and China for getting specialised training on high speed rail technology. Thirty eight officers of various services of Indian Railways have been identified for getting the training in Japan. This will be the second batch of railway officers going to Japan for such training.
Political clearance is being obtained from the Ministry of External Affairs for sending another lot of railway officers to China. The first batch will comprise 40 railway officers. They will go to South West Jiaotong University for a training course in civil engineering. An academic services agreement was signed with Jiaotong University.
A high-speed train corridor with 15 stations is being proposed between Ahmedabad and Mumbai. Japan International Cooperation Agency (JICA) has been conducting feasibility studies for setting up of high speed railway corridor.
It is also learnt that Railway officers will be getting training in the IITs and IIMs, India’s premier engineering and management institutes. The Indian Railways will be sending 20 officers from various services to IITs and IIMs for rail-related research and advanced studies.
The focus will be on upgrading the tracks, signalling and electrification system on the railway tracks so as to improve punctuality and speed of trains. This assumes greater significance in the wake of the railways introducing high-speed rail network in the country.