RAILWAY STOCKS CATCHING UP WITH THE USE OF LATEST TECHNOLOGY AND AUTOMATION
As India goes big on its vision to develop a faster, safer, and smarter rail network, cutting-edge technology is assuming a lead role like never before. India’s rail tech sector is on track for a historic transformation, from signaling to safety systems, detailing a new master plan to revamp its train control and operating systems. The outdated century-old signalling and control systems with be replaced with high-tech digital and automated ones for enhancing speed as well as safety.
One example is the KAVACH system, India’s indigenous automatic train protection system intended to avoid collisions and reduce human errors. This technology is a daring leap towards establishing an entire ecosystem of fully automated rail network. Some Indian companies are already making preparations to take advantage of this momentum. Although they are not pure-play rail tech companies, however a significant portion of their business is based on railway projects, and they are betting big on this sector to ride the increasing demand.