India: The country's Railway Minister Ashwini Vaishnaw told this to the media after presenting the $30.4 bln railway budget for the fiscal 2024.
Brief overview of key events and news in the rail rolling stock markets.
India: Under a $1.8 bln tender the national operator expects to receive 100 locomotives for passenger trains operating at 160 km/h, and 500 ones for freight trains running at 100 km/h.
India relies on the creation and expansion of its own facilities and technology transfer with mandatory localisation under the national programme Make in India.
India: The tender of Indian Railways is over with a consortium of TMH and local RVNL selected as the winning bidder to deliver 120 Vande Bharat trains. The second batch of 80 EMUs is to be executed by Titagarh Wagons and BHEL.
India: 10 such vehicle kits are all ready and scheduled for delivery between May and June.
India: B.G. Mallya, General Manager of ICF, spoke about the plans for the production of the domestically developed electric train in an interview with Financial Express.
India: The national operator Indian Railways is planning to float a tender. Alstom, Siemens, Cummins, Hitachi Rail, BHEL, Wabtec, as well as Medha Servo Drives, took part in a detailed meeting with IR last week.
India: This sum is allocated in the national budget for April 2023 – March 2024 while the whole budget line for the development of the railway sector totals INR 2.4 tln ($29.3 bln).
