Indian Railway organises workshop on innovation policy to woo startups in Mysuru

Mysuru, July 20 (KNN) Around 24 startups and MSMEs from across Karnataka participated in the workshop organised by the Indian Railways to create awareness on the Indian Railway Innovation Policy (IRIP) in Mysuru on Tuesday.

The event was in line with the initiative taken by Indian Railways, in the field of innovation through participation of start-ups and other entities, following the launch of “Startup for Railways” by Minister of Railways Ashwini Vaishnaw, in June this year, an official release said.

The aim of the workshop was to encourage startups, MSMEs and other entities to come up with solutions to improve operational efficiency and safety on Indian Railways.

While addressing the workshop, Rahul Agarwal, Divisional Railway Manager, Mysuru Division said, “the government through the  ‘Startup for Railway’ has provided an enabling framework and environment for the startups to explore and thrive, thereby giving a firm shape to the long-felt need for the integration of the state-of–the art technology in Indian Railways.”

Agarwal also highlighted the benefits of IRIP such as grant up to Rs 1.5 crore to innovator on equal sharing basis with provision of milestone-wise payment, complete online processing with 100 percent transparency, assistance from railways for carrying out trials of prototypes etc.

A. Devasahayam and E.Vijaya, ADRMs, Levin Prabhu, Senior Divisional Finance Manager and other officials were present at the event. (KNN Bureau)