Indian Railways is one of the largest transportation systems in the world, which is emerging as the biggest potential market for introducing modern state-of-the-art technologies and solutions. With a motive of discussing various challenges and opportunities in deploying new age technologies in Railways, the apex industry body, Associated Chambers of Commerce and Industry of India (ASSOCHAM), organised an International Conference ‘RAILTECH – 2022: Futuristic Technologies for Indian Railways at Hotel Le-Meridien in New Delhi. The conference was attended by the Chief Guest Ashwini Vaishnaw, Honourable Union Minister for Railways and the Guest of Honour Darshana Jardosh, Honourable Minister of State for Railways. The speakers at the event included notable names like Vivek Lohia, Managing Director, Jupiter Wagons Limited, along with other dignitaries and industry experts.
Vivek Lohia, Managing Director, Jupiter Wagons Limited, expressed, “Indian Railways has certainly become a technologically transformed mode of transportation. At the offset, many significant advancements can be seen in the field of speedier services, passenger safety and operating engine-less trains. Much of the credit goes to the technological developments, which include enhanced systems, robust infrastructure and sound signalling, giving rail travel new importance.”
Lohia added, “When it comes to Jupiter Wagons Limited, we are witnessing a huge surge in wagons from the private sector. People now want more reliability and transparency, and we are known for our streamlined business structure as a company. Our business is seeing a substantial change in the way we progress. With the advent of technological advancements, we are modernising ourselves in such a way that there is enough scope for growth and development in “Engineering the Future” of the Indian Railway.”
The Conference brought together all concerned groups to a common platform to provide impetus towards technology solutions for Railways. It was concluded that process, structural and cultural reforms are the key elements of transformational changes in an organisation.