Loco Factories will connect small and medium ancillary units to global supply chain: Suresh Prabhu

New Delhi, Feb 25 (KNN) The loco factories, bids for which has been finalized, would connect various small and medium ancillary units to the global supply chain and boost employment.

The Budget also proposes to increase the procurement 30 per cent through manufacture, supply and maintenance of train sets to be used for Rajdhani and Shatabdi services.

Presenting the Rail Budget for this year, Minister of Railways Suresh Prabhakar Prabhu has said that in keeping with Prime Minister’s emphasis on ‘Make in India’, the Indian Railways was able to finalise the bids for setting up two loco factories with an order book of about Rs. 40,000 crore.

He said that the bidding process was absolutely transparent and the rates received were extremely competitive.

The loco factories, he said, will create an ecosystem of many flourishing small and medium ancillary units which will get connected to the global supply chain.

Prabhu further said that the move would boost employment potential of the entire Eastern region.

Indian Railways have since initiated a similar bid process for manufacture, supply and maintenance of train sets to be used for Rajdhani and Shatabdi services. It is proposed to increase the current procurement by 30 per cent, he said. (KNN Bureau)