Cabinet approves pact with Germany on Railways

Cabinet approves pact with Germany on Railways

Agency News

New Delhi, Dec 4: The Union Cabinet chaired by Prime Minister Narendra Modi was on Wednesday apprised of the Joint Declaration of Intent between India and Germany regarding cooperation on strategic projects in the field of Railways.

Briefing reporters about the decisions of the Cabinet, Finance Minister Nirmala Sitharaman said the Joint Declaration of Intent was signed last month with the Federal Ministry for Economic Affairs and Energy of the Federal Republic of Germany. It will provide a platform to Railways to interact and share the latest developments and knowledge in the field of Railways. The JDI will facilitate exchange of information expert meetings, seminars, technical visits and implementation of jointly agreed cooperation projects, she said.

Railways has signed Memorandums of Understanding for technical cooperation in the rail sector with various foreign Governments and National Railways in respect of identified areas of cooperation, which inter alia, include high speed rail, speed raising of existing routes, development of world class stations, heavy haul operations and modernization of rail infrastructure.

The MoUs and JDIs facilitate exchange of technical experts, reports and technical documents, training and seminars/ workshops focusing on specific technology areas and other interactions for knowledge sharing. (UNI)