The Union Cabinet chaired by the Prime Minister Narendra Modi on January 5 was apprised of signing of Memorandum of Understanding between India and United States for International Development/India (USAID/India) for supporting Indian Railways to achieve Mission Net Zero Carbon Emission by 2030.
The MoU, which will be effective for five years since June 14, 2023, or until the effective end of South Asia Regional Energy Partnership (SAREP), whichever period is shorter. It provides a platform for Indian Railways to interact and share the latest developments and knowledge in the railway sector.
The MoU has been signed to support India Railways in achieving Mission Net Zero Carbon Emission (NZCE) by 2030. This will help Indian Railways to reduce dependence on imported fuel such as Diesel, Coal etc. Deployment of Renewable Energy (RE) plants will give fillip to RE technology in the country. This will help in development of local ecosystem which subsequently gives boost to local product development.
