New Delhi, May 11: Union Minister Ashwini Vaishnaw stated on Monday that under Prime Minister Narendra Modi’s leadership, India has faced global instability with resilience. He emphasized that AI, semiconductors, and railways will spearhead the next phase of transformation.
Speaking at the inaugural session of the CII Annual Business Summit 2026 in the national capital, the minister highlighted the extraordinary pace of change in the railway sector. Capital expenditure reached ₹2.72 lakh crore last fiscal year, a significant increase from just ₹66,000 crore a few years ago.
Vaishnaw remarked, “The execution capacity of the entire railway system has expanded simultaneously, indicating a significant shift in project implementation and delivery.”
He further noted that approximately 49,000 kilometers of railway tracks have been electrified, equivalent to the entire railway network of Germany. There has also been a robust increase in the production of coaches and engines.
Additionally, the minister mentioned that a new wave of electronics manufacturing facilities across the country is promoting quality-focused and cost-effective manufacturing practices, laying the foundation for a technologically advanced and self-reliant India.
Describing AI as one of the most revolutionary technological revolutions in history, Vaishnaw stated that AI is reshaping the world at an unprecedented pace.
He stressed, “India must adopt a clear and strategic approach to AI, ensuring that the country leverages this technology to enhance productivity, quality, and production efficiency across all sectors.”
He also highlighted the importance of Prime Minister Modi’s appeal to the nation amid global geopolitical uncertainty and ongoing conflicts.
Pointing out India’s heavy reliance on energy imports and the significance of foreign exchange reserves for economic stability, he urged citizens to contribute by reducing expenditures that promote foreign currency outflows while increasing efforts to earn foreign currency and strengthen reserves.
–
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment