Govt To Invest Rs 480 Crore To Build 2,000 More Coaches With MCF : Goyal
Mumbai: On Sunday, Union Railway Minister Piyush Goyal said that Prime Minister Narendra Modi has given the right direction to convert the Modern Coach Factory (MCF) into a world class project under ‘Make in India’ invention, which states that 2,000 more coaches will be built under 480 crores investment
Piyush Goyal made this statement at the inaugural event of 900th coach and a Humsafar Rake manufactured by MCF.
“Under ‘Make in India’ initiative, Prime Minister encouraged us and showed us a right direction to transform MCF into a world-class project. In order to boost employment opportunities and to give them a proper space to small-scale industries, we have decided to increase the capacity of MCF by by building 2,000 crore more coaches with an investment of Rs.480 crore,” Piyush Goyal stated.
The Union Minister also added criticizing the United Progressive Alliance (UPA) government for their inefficiency in speeding the development that “MCF project was supposed to be operated from 2007 but it showed limited progress till 2014 due to lack of sufficient and proper equipment required for the construction of coaches. When Prime Minister Narendra Modi came into power in 2014, he put immense efforts to give MCF a conventional look and to boost its competence and production.”
Underlining the schemes and funds invested by the Centre in the railway sector, Goyal declared, “Under UPA rule, only Rs 5,500 crore was sanctioned for the railway sector. However, under the Bhartiya Janta Party (BJP) government, we increased it by six times and around Rs 26,000 crores have been already invested from 2014-19 to transform the railway sector and to smooth the journey of passengers.”
Further he stated that the projects that are underway in Raebareli, including doubling of the railway line between Raebareli and Amethi will be completed within four to five months and rest will be done by the end of 2019.
The aim to construct the Indian Railway’s MCF in Raebareli is to develop facilities incorporating cost efficient modern technologies for the manufacture of coaches and to generate employment opportunities and sustainable development in the area.
