New Rail Tech policy unveiled to tap startups
New Delhi: The Indian Railways Thursday launched a new Rail Tech policy to engage innovators, startups, industry, and institutions to promote innovation. Announcing the policy, railways minister Ashwini Vaishnaw said it was aimed at addressing innovation challenges faced by the national transporter.
“Rail Tech will be permanently open for startups,” the minister said, adding that the selection process has been eased to encourage speedier implementation. Startups will be allowed to propose solutions that will be vetted by the Railway Board before approval.
