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Former bureaucrat Ashwini Vaishnaw to head railway ministry as Goyal moves out | Latest News India

50-year-old Rajya Sabha Member of Parliament from Odisha Ashwini Vaishnaw on Wednesday took oath as a cupboard minister in a serious reshuffle by Prime Minister Narendra Modi. The bureaucrat turned politician, who has been given the cost of the railway ministry, was elected to the Upper House as a BJP candidate two years in the past.

A 1994 batch IAS officer, Vaishnaw was notably identified for his involvement within the Public Private Policy framework in infrastructure initiatives.

An IIT (Indian Institute of Technology) graduate, Vaishnaw give up authorities service in 2008 and went to Wharton University within the United States to pursue MBA. On his return, after working for high companies, he arrange his personal automotive parts manufacturing items in Gujarat. He then held management roles throughout main international corporations such as General Electric and Siemens.

Vaishnaw’s entry into the railway ministry comes at a time when the nationwide provider has been mulling methods of producing income by means of completely different streams, together with the non-fare income section, leasing out its huge pool of vacant land and, most significantly, opening doorways for Public Private Partnership (PPP) for its trains and stations. It has felt the necessity to herald non-public funding to improve its services and infrastructure, whereas maintaining a tally of the competitors as home airways take away its AC class passengers and passengers more and more choose to journey by street for shorter distances.

The Indian Railways plans to introduce non-public trains on its community in phases, with the primary dozen to be launched within the 2023-24 monetary year and 151 such trains by 2027. In its pre-bid meeting, Bombardier Transportation India, Siemens Limited, Alstom Transport India Ltd have been among the many preliminary 23 companies that evinced curiosity in working non-public trains in India.

During his tenure as an IAS officer, Vaishnaw labored as the district magistrate-cum collector of Balasore and Cuttack districts. He was additionally concerned within the rescue efforts when the tremendous cyclone hit Odisha in 1999, killing a minimum of 10,000 folks.

Vaishnaw labored in Odisha until 2003 earlier than being appointed as deputy secretary within the office of former Prime Minister A B Vajpayee. He was later appointed as Vajpayee’s non-public secretary after the National Democratic Alliance (NDA) lost the election in 2004.

Interestingly, in April, Vaishnaw was additionally nominated as a member of the Press Council of India, for 3 years.

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