RAILWAYS

Railways could drop Chinese company bid for 44 Vande Bharat trains under Rs 1,500-cr project

The Indian Railways might not consider the bid of CRRC Corporation, the Chinese state-owned company that is the lone foreign player in the tender for the semi-high speed indigenous Train 18 project, ThePrint has learnt.

The CRRC has emerged as the only foreign company to bid for the global tender worth around Rs 1,500 crore for manufacturing 44 of the trains dubbed ‘Vande Bharat Express’. The bid for the tender that was floated in December last year by the Integral Coach Factory (ICF), Chennai, which manufactures the locomotive, opened last week.

The other contenders include Bharat Heavy Electricals, Hyderabad-based Medha Group, Electrowaves Electronic Pvt Ltd and Mumbai-based Powernetics Equipments Pvt Ltd.

“The bid (of the CRRC) may not be considered or even be eliminated due to the Make in India and Vocal for Local policies of the government,” a highly placed source said. “Under the principle of reciprocity, India can restrict investment by foreign companies if Indian companies face restrictions in applying for contracts there,” the official said.

“Naturally, after the Indian government has said they will promote the Atmanirbhar mission, the Railways will also comply with that.”

Source
The Print
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