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Unlocking growth: Railway freight portfolio diversification in India
The Indian Railways (IR) plays a pivotal role in India’s economic growth by facilitating the movement of freight across the country. As of 2023–24, IR holds a modal share of approximately 25%–27%4 in national freight transport, translating to 1,588 million tonnes (MT) of cargo movement.5 Recording a growth of 4.5%6 in the last five years, IR has set ambitious targets to increase its freight business – it aims to reach 3,000 MT by 20277 and achieve a modal share of 45% by 2030.8 This aspiration aligns with national priorities to reduce logistics costs and promote sustainable transport. A range of ...