High-speed trains on its way to India
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Soon we will have high-speed trains where coaches are self-propelled and not pulled by locomotive. Global giants such as "Four multinationals have evinced interest to manufacture modern train sets in India. The successful bidder will first import two train sets and then rest would be manufactured in the country," a senior railway board official told the Economic Times.
Railway Minister
These sets of train would not require dedicated tracks. These swanky trains will ply on all
The Request for Qualification (RFQ) was floated in May for the global manufacturers to participate in the bidding process. Bids will be opened in August for short-listing the qualified bidders. The RFQ will be followed by financial bids and the successful bidder will be awarded the contract by December.
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Two potential bidders — CAF and TALGO — are from
After the Narendra Modi-led NDA government came to power, railways have been aggressively eyeing private investment in the sector, and the government has already cleared 100% FDI in railways infrastructure. The Indian Railways is also in process to bid out the two locomotive factories in Bihar.
Four global firms --
(Image: Indiatimes)
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