The government has formed a committee of experts and technocrats financial leaders to seek ways and means for the modernization of Indian Railways.

Directed by Sam Pitroda, chairman Deepak Parekh HDFC Bank includes, State of former President of India MS Verma, Professor Raghuram, Indian Institute of Management – Ahmedabad, Industrial Development and Finance Corp. manager and Vinayak Lal Rajiv Chatterjee, president of Services Comment infrastructure.

Announcing the New Delhi said on Wednesday the Minister of Railways Dinesh Trivedi,”We want a great leap forward for the railway. Pitroda, who revolutionized the telecommunications industry, we will use the technology for fourth-generation railroad.”

He said the economy could grow by about 8 percent if the Indian Railways has increased by 10 percent or more. Railways”was and will surely continue to be the engine of growth,”he said.

Trivedi said that the committee should focus on lines, signaling, rolling stock, stations and terminals, as well as questions about organizational changes, especially in management, resource mobilization and make the workforce more professional.

Looking for safe and productive goods and passenger trains would also be the agenda of the panel, said the minister. Modern technologies signaling examined in order to maximize the use of the track and the fast action and safety, he added.