CorporateCorporate Governance

Cabinet nod to railways modernisation pact with Indonesia

Narendra ModiNew Delhi : The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a pact with Indonesia for sharing of information in railway sector including modernisation of trains and maintenance of tracks and tunnels.

According to an official statement, the agreement will provide for exchange of knowledge and technology in modernisation of rolling stock (trains), signalling and communication system and railway operation, management and regulations.

It will also provide for sharing of information on the development of inter-model transport, logistics parks, and freight terminals, and construction and maintenance of tracks, bridges, tunnel, overhead electrification and power supply systems.

—IANS

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