Govt introduces innovation strategy for tech evolution in Railways

25 Apr 2022 CW Team

The Central government introduced an innovation strategy to bring technical improvements to the Indian Railroads. The policy would engage innovators, startups, and entrepreneurs to collaborate with the railways.

A railway official told the media that this is the first time the Indian Railways has come up with such a strategy to provide fresh inventive ideas that would help it progress technologically.

The official said that they obtained all the essential crucial inputs from various sources. This programme would help in reducing outmoded and time-consuming procedures, including the recruitment of fresh minds for the railroads and the country as a whole.

The policy statement establishes a comprehensive framework for the ministry of railways' involvement with innovators for the development of technology, goods, and need-based solutions for railways.

According to media sources, the entire process of selecting innovative partners will be carried out online in an open, fair, and transparent way through a dedicated portal, which is likely to be operational by April-end.

The policy creates an enabling environment for Indian innovators, startups, entrepreneurs, micro, small, and medium-sized enterprises (MSMEs), research and development (R&D) institutions, and technology developers to collaborate with Indian Railways on the development of innovative technological solutions.

As per the policy, entrepreneurs and innovators would be granted financial assistance in the form of project awards.

The official said that the railways would be responsible for half of the project's overall cost. It will provide a significant boost to new business owners. Once accepted, the inventor will have a good chance of getting other contracts.

Image Source

Also read: Indian Railways board approves 76 lifts at major ECR stations

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..