The Budget also proposes to extend the time limit for re-import of goods for repairs under warranty from three to five years
The French MNC is bullish about India, its third-largest market that has reported an ‘exceptional growth’. Loison tells Moneycontrol how a PLI scheme could boost the manufacturing ecosystem of railway ancillary products and also act as a force multiplier for the ‘Make in India’ initiative.
While Alstom India had agreed to lower their bid price from the initial Rs 150.9 crore quoted in May 2023, the Indian Railways and the company failed to arrive at a final price point.
The Bengaluru Metro Phase 2, Reach 6, 2A, and 2B contract is valued at 96.2 million euros and includes personnel training and annual maintenance for five years.
For the convenience of the residents of Meerut, three stations on this line will provide connectivity to India’s first Regional Rapid Transit System (RRTS), connecting Delhi and Meerut.
The project is valued at 124 million euros, which also includes training of the personnel to Chennai Metro for operation and maintenance
However, orders for new electric freight locomotives and Vande Bharat trains and the commissioning of 66.27% and 57.3% of the planned eastern and western dedicated freight corridors, respectively, are positives
AI-powered cameras monitor track conditions, alerting operators to abnormalities and preventing derailments
While the increasing speed of locomotives on the Western and Eastern DFCs has helped lower cargo movement time, a lot still needs to be done to reach the average speed goals of 75 km/hour, he said.
Prime Minister Narendra Modi had flagged off the first Namo Bharat train on a 17-km stretch of the Delhi-Meerut RRTS between Sahibabad and Duhai Depot on October 20.
The Bhopal-Indore Metro trainsets are being fully-indigenously manufactured, under the Centre's Make in India campaign, at Alstom's state-of-the-art rolling stock manufacturing facility at Gujarat's Savli.
Alstom has a large engineering team in Bengaluru to design trains and part of the trains will be made in Gujarat, he said.