Indian Railways on Tuesday said it will fund a railway research chair on sustainable mobility at TERI University.
In this regard, the railway ministry entered into a memorandum of understanding (MoU) with TERI University. The MoU was signed in the presence of Railway Minister Suresh Prabhu on Monday.
The ministry said the 'railway chair' will facilitate research in finding innovative solutions on issues concerning sustainable mobility, use of energy-efficient technology and green energy initiatives.
The railways has made an outlay of Rs.20 lakh per annum for the establishment of the research chair.
