Vaishnaw launches Indian Railway Innovation Policy

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Minister of Railways, Communications and Electronics & Information Technology, Ashwini Vaishnaw launched “StartUps for Railways” on Monday in Rail Bhavan, New Delhi.

This policy will bring scale and efficiency in the field of operation, maintenance and infrastructure creation through participation of very large and untapped startup ecosystem.

Speaking at the event, Vaishnaw said that the long going discussions over integration of technology into Indian Railways have taken the firm shape in form of this initiative.

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Expressing his happiness on launch of this initiative the minister said that through this platform startups will get an opportunity to connect with the Railways. Out of over 100 problem statements received from different divisions, field offices/zones of Railways, 11 problem statements like rail fracture, headway reduction have been taken up for phase 1 of this programme.

These will be presented before the startups to find innovative solutions.

Railway Minister requested the startups to use this opportunity and ensured them support from Indian Railways in form of 50 per cent capital grant, assured market, scale and ecosystem

.Selection of Innovator/s will be done by a transparent and fair system through an online portal, which was inaugurated on Monday by the minister.