Union Railway Minister Suresh Prabhakar Prabhu on Thursday said that in keeping with Prime Minister’s emphasis on ‘Make in India’, the Indian Railways was able to finalise the bids for setting up two loco factories with an order book of about Rs 40,000 crore.
"The bidding process was absolutely transparent and the rates received were extremely competitive," Prabhu said.
Presenting the Railway Budget 2016-17 in Parliament on Thursday, he said, these factories will create an ecosystem of many flourishing small and medium ancillary units which will get connected to the global supply chain.
The Railway Minister said, they will boost employment potential of the entire Eastern region.
Prabhu said Indian Railways have since initiated a similar bid process for manufacture, supply and maintenance of train sets to be used for Rajdhani and Shatabdi services. It is proposed to increase the current procurement by 30 percent.
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Updated Date: Feb 25, 2016 16:32:14 IST