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Washington: In a bid to promote cooperation in Indian Railways safety, India and the US have joined hands to work on a road show to woo potential long-term investor.

The US Secretary of Transportation Anthony Foxx and visiting Indian Railways Minister Suresh Prabhu disclosed this following a top-level talk on bilateral engagement in the transportation sector. The engagement is a part of the Memorandum of Cooperation signed when Foxx visited India last April.


At the end of a three-day visit on Friday, Prabhu said that there was immense possibilities for knowledge sharing, technology tie-ups and business cooperation between the two nations in the transportation sector.

Prabhu met the Chairman and President of the US EXIM Bank Fred P Hochberg where various issues including the possibility of structuring a financing model that caters to India’s immediate needs and to utilize the upcoming investment and business opportunities in the country’s rail sector, were discussed.

A joint press release stated that both sides have agreed to work on the road show of potential long-term investors who intend to work towards improving India’s infrastructure sector.

Prabhu also met with President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC) Elizabeth L Littlefield to analyse the prospect of OPIC financing for the Indian Railways.

Prabhu emphasized the significant role of the Indian railways in providing low-cost sustainable transportation. He said this while addressing the World Bank Conference on Transforming Transportation.

The Indian Railways, he said, has embarked on transforming its energy mix by using renewal energy sources like solar and wind energy, and is undertaking energy audits to improve efficiency to meet its sustainability targets.

In his meetings with the World Bank and IFC officials, Prabhu made a presentation on the railway sector to the senior officials of the World Bank Group, showcasing the new initiatives of his ministry and familirising the Bank with various ways to partner with the Indian Railways. He further discussed the Railways’ efforts to expand, modernise, decentralise decision-making, improve efficiency and meet customer expectations.

Both the World Bank and IFC are operating closely with Indian Railways to help it achieve its formidable targets.

At a roundtable conference organised by the US India Business Council, Prabhu described the Indian Railways plans to invest $142 billion in the coming five years. He further expressed hope to double this investment figure in the next five-year cycle.

The senior leadership of the World Resource Institute (WRI) and Prabhu discussed the Indian Railways desire to transform its energy mix. They intend to do that by making railways an eco-friendly organisation through the promotion of use of clean energy and various other initiatives. (Inputs from Agencies) (picture courtesy:dailyamin.com)


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At the recently held Lake Fashion Week X Fashion Design Council of India event which took place in Mumbai, actress Soha Ali Khan was muse for Megha Jain Madaan

At the recently held Lake Fashion Week X Fashion Design Council of India event which took place in Mumbai, actress Soha Ali Khan was muse for Megha Jain Madaan. The festive collection by Madaan for her label Abstract was a luxurious line of creations. Khan dazzled in a sensational, black, will-powered gown with horizontal gold braiding, while the deep olive train added a regal touch. IANSlife caught up with the celebrity on the sideline of the events to discover her take on fashion.

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Q: Are you looking forward to on-ground fashion events and the energy that comes with physical shows and appearances?
A: I am I mean, I think that it's been a while that we've all been at home and the livelihood of artisans, designers make-up artist, hairdressers has suffered. Everyone's looking forward to being backed and last but not least me; there's a different energy, of course.

Q: The outfit chosen for you at the show, how does it complement your style?
A: I really think that the outfit complimented my body type because it sort of showed off my arms which are very toned and strong. I've been working on them. So I'm happy that they chose, an off-shoulder outfit. The beautiful train, added length which I require a little bit off. So, I think it was very feminine, and I think the silhouette was a good one for me.

Q: What are your travel essentials?
A: Wetwipes, sanitiser, spare masks and water. I would say a book but I haven't read a book since I've become a mother. I would say iPad, cotton wool for ears, and a lollipop.

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With the baby keeping you busy all day and night, your skincare takes a backseat.

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