Background : In response to Hon’ble Prime Minister’s clarion call for innovation in Indian Railways under the Navrachna Initiative, Indian Railways has decided to conduct a public competition for ‘Identifying New Non-Fare Revenue Sources for Indian Railways’.‘.
First Prize 06 Lacs Maximum
Second Prize 03 Lacs Maximum
Third Prize 02 Lacs Maximum
Consolation Prizes (three Maximum) 01 Lac Maximum
Indian Railways primarily earns revenue by collecting passenger fares and freight. These are tariff earnings or fare-box revenue. All other earning falls in the category of the Railway's non-tariff earning or Non-Fare Revenue. It carries an immense market potential, if explored in a systematic manner.
Indian Railways is striving to substantially increase its Non-Fare revenue by monetising its physical and digital assets such as trains (inside and outside), passengers, station platforms, buildings and residential colonies, land next to tracks and digital and physical interfaces.
The Challenge is designed as an online competition hosted at "https://innovate.mygov.in" for submission of innovative ideas for increasing Non-Fare Revenue of the Indian Railways. The challenge invites ideas to identify non-tariff revenue sources derivable from all assets owned by Indian Railways, without compromising existing level of ergonomic comfort and passenger amenities.
The applicant is required to assess the technical feasibility and market potential of the idea proposed and submit revenue estimates for the Indian Railways. The applicant is required to include relevant reference links, if any, pertaining to the idea proposed.
The suggested ideas can range from improving commercial utilisation of space to increasing passenger experience in trains and at stations or any other avenue which can lead to substantial monetisation opportunities
Hon'ble Minister of Railways had announced during the Railway Budget 2016-17 that "Although we enjoy the highest captive eyeballs in a railway system internationally, we earn less than 5% of our revenues through non-tariff sources. Many of the world railway systems generate 10% to 20% of their revenues from non-tariff sources. Over a period of the next five years, we will strive to reach this world average by monetizing assets and undertaking other revenue yielding activities."
|Country||Major Operations ( national level )||Indicative NFR Percentage|
|Japan||Japan Railway Company||30|
|Hong Kong||MTR Corporation Limited||29|
|France||French national Railway Company||10|
|India||Indian Railways||< 5|
The participants shall be required to submit their entries in the fields provided in the Entry Submission forms limited to the number of words prescribed for the fields as under
Abstract of the Proposed Innovation, in about 2000 characters.
System of Working of the Proposed Innovation, limited to 8000 characters. Drawings, if necessary, can be attached as PDF, but should not exceed 8 MB in size.
Elaboration on utility to passengers and how the innovative concept/ design enhance the passenger experience in about 1200 characters.
Feasibility of Implementation of the proposed innovation in existing and new setup including retrofitments and modifications required explained in about 1200 characters.
Explain how the boundary conditions stipulated in the Innovation Challenge are complied with by the Proposed Innovation in about 2000 characters.
Originality of the Proposed Innovation to explain how the proposed Innovation is an original idea in about 1200 characters.
Cost effectiveness of proposed design for setup and operation (to include initial cost, operating cost, life cycle costing) to be explained in about 1600 characters.
Maintainability of the proposed design explaining its ruggedness, ease of maintenance and swift replacement of spares to be explained in about 1200 characters.
Possible constraints anticipated in deployment to be explained in about 1200 characters.
|1||Feasibility / Viability of Implementation||30|
|8||Quality of Presentation||05|
The following persons and their immediate relatives cannot participate in the Challenge:
The competition is designed as an online challenge. The following method applies: