"Railways will continue to be owned by government of India, managed by government of India. "We want change not for the change in ownership. We do not want change for somebody to run the precious assets of railways. We want to bring in private capital or technology to improve the functioning of railways so that railways become more valuable," Prabhu said.
Sunday, 03 May 2015 17:29
No privatization of railways, Suresh Prabhu says Featured
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Notwithstanding recommendation by government panels, Union railway minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a "bogey" being raised by those who do not want any change. He further said the concept of privatization gives confusing signals and envisages the possibilities of ownership transfer of an enterprise to a different entity or management which was not possible in railways.
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