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Railways to prepare detailed report on corporatisation of production units, discuss it with unions

INDIA – Rail PSU RITES will prepare a detailed project report on the proposed corporatisation of the railways’ production units, which will be discussed with the unions in April-June next year, Railway Board Chairman and CEO VK Yadav said Tuesday. Railway unions have vehemently opposed the national transporter’s decision to turn its production units into corporate entities, raising concerns about job losses. “The detailed project report for the corporatisation of the railway production units is being prepared by RITES. Once it is ready we will discuss it with unions and see how best we can take it forward along with ensuring that interests of railway employees are adequately taken care off,” Yadav said while addressing a press conference. He said the consultation period will be of two to three months between April and June next year. “Based on the talks with the trade unions and railway employees we will proceed further,” Yadav said.

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