Modern Locomotive Joint Venture Factory Projects (Electric Locomotive Factory at Madhepura and Diesel Locomotive Factory at Marhowra - Bihar)
Formal Contract Agreement Signing Ceremony for the
Two Rs.40,000/- Crores High Horse Power Hi-Tech Best-In-Class Modern Locomotive
Joint Venture Factory Projects (Electric Locomotive Factory at Madhepura and
Diesel Locomotive Factory at Marhowra - Bihar) will take Place Tomorrow i.e. on
30.11.2015 in New Delhi.
The formal contract agreement signing
ceremony for the two Rs.40,000/- crores High Horse Power HI-TECH
best-in-class modern locomotive Joint Venture factory projects (Electric Locomotive
Factory at Madhepura and Diesel Locomotive Factory at
Marhowra - Bihar) will take place tomorrow i.e. on 30.11.2015 in New
Delhi. This signifies a giant leap for the nation’s biggest ever “Make
in India” initiative. The signing ceremony will take place in the
august presence of Union Minister for Finance, Corporate Affairs and
Information & Broadcasting, Shri Arun Jaitley, Minister of
Railways, Shri Suresh Prabhakar Prabhu,Union Minister of State for
Commerce and Industry Smt. Nirmala Sitaraman, Minister of
State for Railways Shri Manoj Sinha. Union Ministers and Members of
Parliament hailing from Bihar are also expected to grace the occasion. It
is a momentous occasion for Indian Railways as well as for the nation.
On this occasion, Ambassador of USA to India H.E. Mr.
Richard R. Verma, Ambassador of France to India H.E. Mr.
Francois Richier, Chairman, Railway Board, Shri A.K. Mital,
Railway Board Members, Secretary, Department of Industrial Policy and Promotion
(DIPP), GoI Shri Amitabh Kant, both the JV partners(of the two
proposed locomotive factories) namely CEO, M/s GE TRANSPORT, USA Ms
Jamie Miller; CEO, M/s ALSTOM, FRANCE Mr. Henri Poupart-Lafarge will
be among those present.
Earlier this
month, Indian Railways achieved an important milestone when it awarded Letters
of Acceptance(LoA) for setting up two modern locomotive factories – one Diesel
Locomotive Factory (DLF) at Marhowra and the other Electric Locomotive
Factory(ELF) at Madhepura, both in Bihar. These two factories are the
excellent example of biggest “Make in India” initiative ever undertaken by
Indian Government. While the contract for DLF Marhowra has been awarded to a
USA – based Company M/s GE Global Sourcing India Pvt. Limited, the contract for
Madhepura ELF has been awarded to a France – based Company M/s Alstom
Manufacturing India Limited. These two factories also mark the flow of
FDI in the Railway sector.
DLF Marhowra will
manufacture and supply modern diesel electric locomotives of 4500 HP and 6000
HP (which in combination can operate as 9000 HP and 12000 HP multiple
units). ELF Madhepura will manufacture and supply modern electric
locomotives of high horse power namely 12000 HP. Under the agreement,
1000 diesel locos will be manufactured in a period of 11 years with a basic
cost of Rs.14,656 crore and 800 electric locos will be manufactured in a period
of 11 years at a basic cost of Rs.19904 crore. Taking into account the
cost of setting up factories and maintenance facilities, these two projects
together are worth Rs.40,000/- crore.
These modern
powerful state of the art locos will be useful for heavy haul freight
operations and mega freight operations in the dedicated freight corridor and
for pan India operation. These factories would lead to substantial
development of ancillary manufacturing units, generation of direct and indirect
employment and substantial development in the region.
These two
factories are joint ventures (JV) of the Ministry of Railways. The fair,
transparent and competitive bidding process adopted in selecting the JV partner
received wide-spread appreciation from all stakeholders. These projects
will usher in new technologies into the Indian industry at large through high
paced indigenization
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