The market in India has also undergone tremendous change ever since the liberalization process was initiated in early 1990s. The boundaries between the domestic and global market have become thin and transparent. A number of global players and multi-nationals have entered the Indian market and are keen to join hands with Indian Railways. In order to take advantage of market conditions, Indian Railways has to make major changes in their rules, procedures, and methodology of procurement, and the methodology of disposal of non-performing assets and unserviceable materials. For example, green procurement, e-procurement, e-payments, reverse auction, and eco-friendly disposal systems have to be not only introduced early but implemented with speed and on a sustainable basis.