₹2 trillion over the next seven years, including Vande Bharat projects and various metro tenders. Indian Railways has issued a production plan of 102 Vande Bharat rakes, with 75 as chair car versions and the rest as sleepers.
Additionally, 400 sleeper version Vande Bharat trains of diverse technologies have also been planned, with tenders already in place. The 2023-24 Budget has also proposed an additional 8,000 Vande Bharat coaches.
Reflecting on India's manufacturing potential in the railway sector, Jonathan Paddison, a board member of Knorr-Bremse Asia Pacific, mentioned their substantial investment in India over the past 35 years. He emphasized their intent to not only produce but also design and innovate in India, targeting global markets.
Dipankar Ghosh, chairman, CII Railway Transport and Equipment Division, applauded Indian Railways' initiatives like 100% electrification and achieving carbon neurtrality by 2030. He emphasized the transformative role of domestic manufacturing in tandem with the government's execution focus for the sector."Exciting news! Mint is now on WhatsApp Channels
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