New Delhi, Nov. 21 -- While Indian Railways remains a strategic lifeline and the country's largest public service provider, sustaining its growth will require a shift from tight state-controlled operations towards more market-oriented governance and innovative partnerships for ensuring its financial sustainability, experts at a seminar said.

This was the central message emerging from Railway Conclave 2.0 on the theme "Government has No Business to Be in Business: Possibilities and Quagmire of Privatisation in Railways", organised by the Chintan Research Foundation (CRF) at the India Habitat Centre, New Delhi.

The high-level dialogue brought together policymakers, former railway leaders, industry representatives, and infrastructure experts...