Varanasi, Dec 25: Ruling out privatisation of Railways, Prime Minister Narendra Modi on Thursday said that people must not be wary of foreign and private capital being utilised for improving infrastructure of the national transporter.
The Prime Minister Narendra said: “There is a misunderstanding that Railways is being privatised. However, I want to make it clear that we are not privatising Railways. We cannot go in this direction. You don’t have to worry. It is neither our wish nor thinking.”
The unions had even planned to hold protest against the proposal to invite FDI in railways.
Seeking to dispel apprehensions among railway unions over the issue, Modi said: “I want to ask the union leaders how is it worrying if funds come in pounds or dollars.”
Modi asked railwaymen whether they welcome it or not and whether it should be done or not.
The Prime Minister asserted that he would not want Railways to be merely a means of transport, but wants to make it the engine of growth in the country.
He said: “I want to show more development in Railways than what has happened in the last 60 years,” while dedicating to the nation a modern, air-conditioned passenger train engine.
He also inaugurating a project for expansion of the Diesel Locomotive Workshop here.
The Prime Minister said that instead of utilising money meant for poor to fund Railways to keep it alive, the government wants to pool resources from the rich and soft loans from abroad to finance the national transporter.
(With Agency Inputs)