Railways Minister Mallikarjun Kharge on 29 October 2013 launched the High Speed Rail Corporation of India Ltd (HSRC), a subsidiary of Rail Vikas Nigam Ltd. (RVNL).
The main obejective of the HSRC is to develop High Speed Rail (HSR) Corridors in India to run passenger trains at speeds up to 350 Kilo Meter per hour.
While inaugurating the HSRC, Railways Minister told that most countries consider high speed capability to be in the range of 250 to 300 kmph which requires a dedicated track with fencing and can be prohibitively costly. For a country like ours track fencing also has its own set of associated issues. Thus, leveraging Rolling stock technologies may provide a lower cost solution to meet the immediate needs of achieving speeds of 160 to 200 kmph and that too on the existing track. For speeds above 200 kmph the costlier and time consuming solution of providing a separate dedicated track with fencing becomes inescapable.
He launched the HSRC while inaugurating a two-day international technical conference on High Speed Rail Travel: Low Cost Solution.