Concord Control Systems: Your ticket to India's railway boom
Indian Railways industry is currently enjoying significant growth, driven by its vast network and the expected surge in demand for its services. As the fourth-largest railway network globally, Indian Railways operates over 22,593 trains daily, catering to 24 million passengers and transporting 204 million tonnes of freight across its 68,103 km route and 7,337 stations.
The sector is anticipated to see substantial growth, with India projected to become the fifth-largest outbound travel market by 2027, necessitating an increase in the daily number of trains. In response to the expected boom, Indian Railways has earmarked a massive ₹1 trillion in investment for new train acquisitions over the coming years to accommodate the projected annual passenger count of 7 billion, which is likely to rise to 10 billion by 2030.
This massive plan involves acquiring 7,000-8,000 new train sets over the next 15 years, aiming to enhance passenger and domestic goods transport capabilities and create a future-ready railway system. The government’s significant investment in the sector aims to upgrade infrastructure for higher efficiency and reliability.
The railway minister's upgrade initiative focuses on meeting evolving transportation needs and addressing long-term waiting lists. The goal is to boost the railway's modal share in freight from the current 26-27% to 40-45%, aligning with global commitments to reduce emission levels.
The government's efforts include electrifying 90% of the railway network, with full electrification expected by early 2024, leading to the phase-out of diesel locomotive-hauled trains. Future plans include commissioning new Dedicated Freight Corridors, high-speed Passenger Corridors, and undertaking multi-tracking
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