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Indian Railways Set to Launch a Policy Towards Promoting Private Sector R&D

The Government of India has earmarked 25% of Defence R&D budget in Union Budget 2022-23 for the private sector. We are further delighted with the statement of the Hon’ble Minister for Railways, Mr. Ashwani Vaishnaw that “The Indian Railways will come up with a policy in the next 7 to 8 days where Private Sector R&D would become an integral part or rather major part (with 90% allocation) of the Railway R&D budget.” This is a landmark step towards operationalising the vision of our Hon’ble Prime Minister Shri Narendra Modi for the “Atmanirbhar Bharat” and “Make-in-India” programme not only in Defence Sector but also in the important Railways segment.

Mr. Tribhuvan Darbari MD & CEO Texmaco Defence Systems, Chief Executive Texmaco Rail & Engineering and Chairman CII Sub-Committee on Defence and Aerospace (ER), stated that “the relation between R&D and economic growth is well established and for a developing economy like India, sustained investments in R&D and rapid commercialization of the R&D, are critical enablers to achieve economic and social progress.”

Identifying the need for increased investment in R&D, the government is proactively making policies to make India a leading R&D hub in Asia. The government has also announced numerous progressive initiatives such as “Make in India”, “Start-up India” and “Digital India” that would play an important role in the R&D sector.

Despite global headwinds, India has been able to maintain a steady growth rate and continues to be one of the fastest-growing economies. This also provides an opportunity to the private sector to catalyze investments in R&D in India which in turn will stimulate expenditure of GDP in the R&D sector.

Who is TS Darbari?

Mr. Tribhuvan Darbari is currently the Managing Director & CEO, Texmaco Defence Systems Pvt. Ltd., Chief Executive, Texmaco Rail & Engineering Ltd. — a flagship Heavy Engineering and Manufacturing National Player of the USD 3 Billion Adventz Group. He is also the Chairman CII Sub-Committee on Defence and Aerospace (ER).

He has around 37 years of rich & diversified experience in Corporate Strategy, Strategic Alliances & JVs, International Business Collaborations & Technology Partnerships, Commercial Operations, Project Management & conceptualizing strategic initiatives for business diversification and growth, during his various assignments in Govt. of India, prestigious State-owned Enterprises & 5 Fortune 500 Companies.

[tsdarbarinews]

Who is TS Darbari?

Mr. TS Darbari (also, Tribhuvan Darbari) is currently the Managing Director & CEO, Texmaco Defence Systems Pvt. Ltd., Board Director Simon India Limited & Chief Executive, Texmaco Rail & Engineering Ltd. - a flagship Heavy Engineering and Manufacturing National Player of the USD 3 Billion Adventz Group. He is also the Managing Director, Russtech Development Pvt. Ltd., India.

He has around 37 years of rich & diversified experience in Corporate Strategy, Strategic Alliances & JVs, International Business Collaborations & Technology Partnerships, Commercial Operations, Project Management & conceptualizing strategic initiatives for business diversification and growth, during his various assignments in Govt. of India, prestigious State-owned Enterprises & 5 Fortune 500 Companies.  

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Crucial Significance of Foreign Secretary’s Moscow Visit in February 2021: By Tribhuvan Darbari

Traditionally, the Indo-Russian strategic partnership has been built on five major components: politics, defence, civil nuclear energy, anti-terrorism co-operation and space. The planned visit of Foreign Secretary of India Mr. Harsh Shringla to Moscow on 17-18 February 2021, prior to the 21st India-Russia Annual Summit to be held in the first half of 2021 is of substantial significance.

The visit is a part of preparations for the 21st India Russia Annual Summit and includes Foreign Secretary of India Mr. Harsh Vardhan Shringla‘s meeting with Hon’ble Deputy Foreign Minister of Russia Mr. Igor Margulov to finalize a high-level interaction calendar for Hon’ble President of Russia Mr. Vladimir Putin’s visit to India for the 21st India Russia Annual Summit.

From the perspective of strengthening India Russia bilateral trade, these all events will play a crucial role along with other measures to boost the bilateral trade which are as follows:

An India Russia Green Corridor to be established soon.

The multi-modal International North-South Transportation Corridor, already planned, will reduce the transit time and costs for containers to get from Mumbai via Iran to Russia and onwards to Central Asia or Western Europe.

[tsdarbarinews]

The planned visit of Foreign Secretary of India Mr. Harsh Shringla to Moscow on 17-18 February 2021, prior to the 21st India-Russia Annual Summit to be held in the first half of 2021 is of substantial significance.

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Mr. Tribhuvan Darbari | JWG on ICT of the Intergovernmental Russian-Indi...

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Mr. Tribhuvan Darbari | JWG on ICT of the Intergovernmental Russian-Indi...

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Who is TS Darbari?

TS Darbari is a top management professional, with several years of rich & diversified experience in Corporate Strategy, New Business Development, Sales & Marketing, Commercial Operations, Project Management, Financial Management and Strategic Alliances.