Indian Railways, the National transporter has taken an important initiative in field of innovation through participation of start-ups and other entities. Minister of Railways, Communications and Electronics & Information Technology, Ashwini Vaishnaw has launched “StartUps for Railways” in Rail Bhavan, New Delhi.
This policy will bring scale and efficiency in the field of operation, maintenance and infrastructure creation through participation of very large and untapped startup ecosystem.
Speaking at the event, Ashwini Vaishnaw said that the long going discussions over integration of technology into Indian Railways have taken today the firm shape in form of this initiative launched today.
Expressing his happiness on launch of this initiative the Minister said that through this platform start ups will get a good opportunity to connect with Railways. Out of over 100 problem statements received from different divisions, field offices/zones of Railways, 11 problem statements like rail fracture, headway reduction etc. have been taken up for phase 1 of this program. These will be presented before the start ups to find innovative solutions.
Railway Minister requested the startups to use this opportunity and ensured them of support from Indian Railways in form of 50 percent capital grant, assured market, scale and ecosystem.
