ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Indian Railway's e-ticketing arm set for listing

Country's rail network carries 23 million people a day on 12,000 trains

 (placeholder image)
India's railways transport 23 million people on 12,000 trains each day, extremely cheaply.   © Reuters

NEW DELHI Indian Railway Catering and Tourism Corp., the nation's biggest e-commerce platform with sales of around 550,000 tickets a day, has been cleared for partial privatization.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on April 12 approved IRCTC and 10 other state-owned companies for listing of up to 25% of their stock.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more