Railway Minister Ashwini Vaishnav on Friday said that for the first time, the Railways has floated tenders inviting private companies to build wheel plants and wheels for high-speed trains in India.
Ashwini Vaishnav said the tenders would be awarded on the condition that the ‘Make in India’ plant would also be an exporter of wheels, Ashwini Vaishnav said, adding that the export market would be Europe.
In a statement, the Union Minister said, “Make in India Wheel Plant to be set up in 18 months; for assured procurement of 80,000 wheels 600 crores per year.”
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