Railways Minister Ashwini Vaishnaw on Monday issued a blunt warning to airline investors, saying India’s upcoming high speed rail network will overwhelmingly dominate several busy short-haul routes, leaving little room for airlines to compete.
Speaking at the CII Business Summit, Vaishnaw said investors betting on aviation growth in sectors such as Mumbai-Pune, Hyderabad-Bengaluru and Bengaluru-Chennai should take note of how high-speed rail transformed travel patterns in Japan, China and South Korea.
