By Rajat Arora – The proposed rail coach factory that would produce coaches with aircraft-type interiors is expected to come up on railway land in Kanchrapara near Kolkata on a public-private partnership basis and will involve a total investment of Rs 2,000 crore.
This is the second-largest tranche of foreign direct investment (FDI) in the rail sector under the government’s ‘Make in India’ initiative.
The first major FDI in railways came in 2015 when projects to set up two locomotive factories were awarded at a total cost of Rs 3,300 crore ($511.5m). more> https://goo.gl/RJGrrK
- Corruption, over-staffing and political interference
- Make in India is looking more and more like a bad joke
- Industrial development needed before high-speed rail
- Think big for overall development
- Wealth-generating economic activities – not finance – is the answer