A Chair after Bharat Ratna Madan Mohan Malaviya will be established at the Indian Institute of Technology (BHU) in Varanasi to give impetus to research in the railways sector.
Presenting the Railway Budget today, Railway Minister Suresh Prabhu also said his ministry is in the process of setting up a full-fledged university during 2015-16.
"To mark the centenary celebrations of Banaras Hindu University, we propose to set up Malaviya Chair for Railway Technology at IIT (BHU), Varanasi. This Chair will help in development of new materials to be used in all assets of Railways," he said.
A consortium of Ministry of Railways, Ministry of Human Resource Development, Ministry of Science and Technology, and industries is being set up on an Investment Sharing Model as part of Technology Mission for Indian Railways to take up identified Railway projects for research, he added.
