Alstom promoting 'Make in India' initiative globally: CEO Henri Poupart-Lafarge
Mint, Alstom chief executive Henri Poupart-Lafarge detailed the company's plans to scale up domestic operations and promote the 'Make in India' initiative globally. This will soon include exporting electric locomotives made at its joint venture facility in Madhepura, Bihar. The goal is to boost both domestic and export revenues in India to over 1 billion euros (approx ₹xxx crore).
Edited excerpts from the interview: It was an intense but positive year. We continued the integration of Bombardier, benefited from a strong global market and good commercial momentum, and improved our cost stability. While we faced cash-flow issues in the first half of FY24 (April 2023-September 2023), these were corrected in the second half (October 2023 - March 2024) with a new financing package.
Overall, it has been a year of progress and evolution, and we are now back on our feet. A. Yes, there was volatility in our cash and a smaller commercial momentum in the first half of last year due to delivery issues, which were resolved in the second half.
Globally, we are seeing continued improvement, though there were some necessary balance sheet repairs recently implemented. Yes, we divested a specific signalling technology asset in the US, focusing on the country's mining sector. Our performance in India has been strong.
We've stabilized projects at our Savli and Maneja manufacturing facilities and improved management across different sites. We localized operations, creating a unified footprint for sales in India and globally. We continue to expand our capacity and programmes, making 2024 a very successful year.
Read more on livemint.com
