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  1. After Railways reassurance $2.5 billion deal still alive, GE imports its first diesel locomotive for India

After Railways reassurance $2.5 billion deal still alive, GE imports its first diesel locomotive for India

After the government clarified in the last week of September that the agreement with GE Transportation to manufacture railways diesel locomotives is on track, the company has imported the first engine which arrived at Mundra port.

By: | New Delhi | Updated: October 12, 2017 8:25 AM
GE Transportation, Indian Railways, Bangalore A company release on Wednesday said the locomotive was designed at the John F Welch Technology Center in Bangalore. (PTI)

After the government clarified in the last week of September that the agreement with GE Transportation to manufacture railways diesel locomotives is on track, the company has imported the first engine which arrived at Mundra port. A company release on Wednesday said the locomotive was designed at the John F Welch Technology Center in Bangalore.

Earlier, there were reports that given the railways’ plans to electrify its entire network, the transporter may rethink its commitment of assured offtake of 1,000 locomotives from Marhowra in Bihar, which GE is constructing. The $2.5-billion contract was awarded in 2015 after a decade-long delay.

Also see: After Railways reassurance $2.5 billion deal still alive, GE imports its first diesel locomotive for Indiahttps://www.financialexpress.com/india-news/after-railways-reassurance-2-5-billion-deal-still-alive-ge-imports-its-first-diesel-locomotive-for-india/891118/

In reply, GE had issued a sharp statement and attacked the government, stating that such a move may affect the overall private investment scenario in India. This was followed by a clarification by the ministry of railways that it will not interfere with the project. A government official, however, told FE that the clarification was issued only after the finance ministry had intervened.

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