RailTel must aim for Navratna status in 5 years: Goyal

On Foundation Day, railway minister praises achievements of the PSU

pragya

Praggya Guptaa | November 28, 2019 | New Delhi


#Piyush Goyal   #ministry of railways   #Indian Railways   #RailTel   #technology  
(GN Photo)
(GN Photo)

RailTel, one of the youngest PSUs of the railways, should now aim high; it should target to reposition itself from a Miniratna to a Navratna status and become a Rs 10,000 crore company in the next five years, railways minister Piyush Goyal has said.

“The time has come for RailTel to come out of its shell. Now the teenage of the organization is over. All of us have witnessed the cusp of change that happens from teens to adulthood. Now there must be much larger targets, much bigger ambitions and much bolder goals to achieve,” he said on the occasion of the 20th Foundation Day of the organization on November 25.

Calling the company a millennial, he said RailTel’s role in providing broadband facility across the country is incredible. He said the organization must realise its vision to become the preferred telecom services provider for the knowledge economy. “One should have high ambitions and audacious goals… the goals which others think difficult to achieve,” Goyal told the RailTel officials. 

He also quoted former prime minister Atal Bihari Vajpayee who had said in a conference in 2000, the year this organisation was established: “Railways are key infrastructure whose better functioning will help the economy in a big way. However, it needs urgent reforms. So the management at the railways makes radical restructuring to separate rail operations from planning and policymaking. Large investments, innovation, modernisation are required to improve safety standards. Clearly, we need to keep the investments and funds for railways for innovative and commercially oriented methods. The creation of RailTel Corporation is the first step in this direction.” 

Goyal also recalled the words of American business leader Steve Jobs, who said one can’t connect the dots looking forward, you can only do that looking backwards. “You have to look at the past to connect the dots and that will help us in connecting the future. New Indian Railways has a big role to play.” 

He complimented RailTel for connecting over 5,000 railway stations across the country with Wi-fi. “Today India is at the cusp of the digital revolution with increasing broadband and internet penetration across the country. The exponential rise of the use of data is such that India uses the highest amount of data on mobiles as compared to another country in the world.” He added that the government focus on digitization and technology adoption in various industries, coupled with digital connectivity has the power to transform the lives of people of India. 

The minister also noted the success of the recent initial public offering, saying “The IPO describes its success and oversubscribed over a hundred times and its share was trading at huge premium on the very first day.”

Minister of State railways Suresh C Angadi said RailTel has achieved a remarkable feat in the past years. It started as a Rs 15 crore company and it has become a Rs 1,000+ crore company in 20 years. He also advised RailTel to expeditiously connect gram panchayats under Bharatnet to bring Wi-Fi to the rural population.

Puneet Chawla, chairman and managing director, RailTel, elaborated on the organisation’s achievements, stressing that it is one of the very few consistently profit-making, dividend-paying, debt-free telecom PSUs in spite of the tough competition in the market.  In the last financial year, RailTel achieved a turnover of Rs 1,017 crore, with an operating margin of Rs 184 crore. He also mentioned key projects like the station Wi-Fi project, Railwire Saathi, NIC e-office, Video Surveillance system, and Modern Train Control system.
 

Comments

 

Other News

What makes Sundargarh the cradle of hockey in India

Neha Lakra, 20, doesn’t forget to practise hockey, at least for four hours, every day. Whether at home or at the Panposh sports hostel in Rourkela where she is training under the guidance of coaches, her routine doesn’t change. “I can’t sleep unless I have worked on the ground,&rdqu

Where the true sadhana of Vedanta is to be found

Somewhere Among the Stars: Reflections of a Mystic By Adi Varuni Kali/BluOne Ink, 282 pages, Rs 395 Decades ago, when an unknown N

India celebrates National Voters’ Day

The 13th National Voters’ Day was celebrated across the country Wednesday with president Droupadi Murmu gracing the national event held here. Kiren Rijiju, union minister for law & justice, was the guest of honour. The chief election commissioner, Rajiv Kumar, election commissioners Anup Chandra

INS Vagir to give fillip to Navy: Admiral Hari Kumar

The Indian Navy commissioned its fifth stealth Scorpene class Submarine INS Vagir on Monday at the Naval Dockyard, Mumbai in the presence of Admiral R Hari Kumar, Chief of the Naval Staff. Vagir was launched on November 12, 2020, under Project 75 (P75) and post completion of sea trials it w

Uddhav joins hands with Prakash Ambedkar ahead of BMC polls

Ahead of the Mumbai civic polls, former Maharashtra chief minister Uddhav Thackeray on Monday announced an alliance with Prakash Ambedkar`s Vanchit Bahujan Aghadi (VBA). Addressing a joint press conference, Thackeray said their grandfathers, Keshav Thackeray and Dr. B.R. Ambedkar, were conte

How women leaders enable collective action at local level

Ela R. Bhatt, the founder of SEWA, once said, “There is ample proof to demonstrate that women can and do build strong and vital organizations around issues that relate to them, and find viable solutions out of their own experiences.” Women Leadership Schools (WLSs) promoted by Se

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter