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    <title>Railway Proposes to Set Up ‘SRESTHA’- A R&amp;D Organization Bringing Most of IR Companies Under an Umbrella of a Holding Company</title>
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    <description>Proposal to create SRESTHA, a specialised R&amp;D body led by an eminent scientist reporting to the Railway Board, to drive long term research while RDSO focuses on operational issues; RDSO to adopt transparent, time bound functioning. Simultaneously, an Aekikaran study will assess consolidating most railway owned companies under a holding company to leverage combined resources and flexibility, and a Foreign Rail Technology Cooperation Scheme will institutionalise foreign partnerships for technology transfer and indigenous capability building.</description>
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