Railways
@ZibiGroup
All businesses engaged in the production of railway systems or their components, including the majority of parts like locomotives, carriages, and tracks but omitting consumables like fuel and energy storage systems. Passenger and freight trains are the main products of the sector.
The railway industry is evolving due to emerging technologies such as wireless charging for electric trains, AI-driven connectivity, autonomous train operation, smart railway systems, electric freight solutions, and diversified mobility options.
Market size:
The Indian Railways market saw a record capital allocation of ₹2.40 lakh crore in 2023-24, focusing on modernization, safety upgrades like Kavach, and expansion of Vande Bharat trains. These initiatives aim to enhance passenger experience, improve freight operations, and drive sustainable growth through electrification and innovative technologies
Challenges:
⦿ Labor Shortages and Skill Gaps
⦿ Maintaining Customer Satisfaction
⦿ Adapting to Rapid Technological Changes
⦿ Regulatory Compliance