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Railway privatisation will reduce fare in long run: Niti Aayog CEO

Niti Aayog CEO Amitabh Kant said on Thursday that&nbsp;privatisation&nbsp;of the railways will create a win-win situation for both the Indian railways as well as the investors and also the users.&nbsp;Addressing a joint press meet, along with Railway Board chairman VK Yadav, he said it is like when private banks were set up in India, so many private players came in the banking sector, but&nbsp;that didn&rsquo;t lead SBI to shut.&nbsp;He said private investment will bring in newer technologies&nbsp;and&nbsp;will create competition in the railway sector&nbsp;which will lead to&nbsp;reduction in&nbsp;fare &mdash; in the long run.&nbsp;&nbsp;

Niti Aayog CEO Amitabh Kant said on Thursday that&nbsp;privatisation&nbsp;of the railways will create a win-win situation for both the Indian railways as well as the investors and also the users.&nbsp;Addressing a joint press meet, along with Railway Board chairman VK Yadav, he said it is like when private banks were set up in India, so many private players came in the banking sector, but&nbsp;that didn&rsquo;t lead SBI to shut.&nbsp;He said private investment will bring in newer technologies&nbsp;and&nbsp;will create competition in the railway sector&nbsp;which will lead to&nbsp;reduction in&nbsp;fare &mdash; in the long run.&nbsp;&nbsp;

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