He further said that safety will be priority for the railways and there would be no limit to funding it.
The comments of the new railways minister come after a spate of rail accidents in the last few month leading to loss of lives.
"I have diverted all available tracks to track renewal so that we can make the existing tracks safer. We are looking to go in for global procurement of rail tracks...this will help fast track the doubling of lines and new projects," he told reporters at the India Economic Summit of the World Economic Forum (WEF).
"There is no limit to safety expenditure. Safety will be the priority of Indian railways. I have also categorised pedestrian foot-over bridges, platforms, entry and exit points as safety items.
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He further said that monetising the real estate assets as well as fast tracking some of the existing investment plans would generate a lot of employment opportunities in the railways and the ecosystem around it.
The government's moving aggressively on the rail track and safety maintenance programme alone would create 2 lakh jobs, he added.
Besides, leveraging the amount of railway real estate by monetising those assets will help to generate resources without burdening passengers.
"If I look at the amount of investment in pipeline and activate that, it will create 2-2.5 lakh jobs in existing projects," Goyal said.
Goyal said that with sectors like coal, power showing turnaround, it's the turn of the railways now.
On the need for the country rebranding itself, he said the narrative of India is changing.
"Over the years India was well known for yoga, Ayurveda, cricket or Bollywood. Narrative is changing, Brand India is being built. India is being now recognised as a country which is honest in its dealings, where technology drives growth," Goyal said.
Stating that megastructures cannot be built on a weak foundation, he said if India has to prepare itself for global challenges of tomorrow, there is a need to develop a framework that will ensure decades of prosperity.
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