Indian Railways plans to corporatize the production units which it has claimed will lead to higher efficiency.
A detailed project report will be ready by RITES on the proposed corporatization of Indian Railways’ production units, which will be discussed with the unions in the period of April-June subsequent year. The unions of Indian Railways have opposed the selection of the national transporter to turn its production units into corporate entities, raising issues about job losses, according to a PTI report. Recently, Railway Board Chairman and CEO VK Yadav stated after the DPR by the Rail PSU is prepared, the national transporter will talk about it with unions and see how it can be taken forward along with making sure that interests of Indian Railways’ employees are adequately taken care off.
According to Yadav, the consultation period will be of two-3 months among April-June subsequent year. Piyush Goyal-led Indian Railways plans to corporatize the production units which it has claimed will lead to higher efficiency. These production units include things like the Integral Coach Factory, Chittaranjan Locomotive Works, Diesel Locomotive Works, Wheel and Axle Plant, Diesel Modernization Works, Rail Wheel Plant, Modern Coach Factory and Rail Coach Factory.
According to the report, even the opposition parties which includes Congress have opposed these plans. On just 3 firms bidding for the production of Vande Bharat train sets, the Railway Board Chairman stated it was a domestic tender with neighborhood content material requirement improved to more than 75%. Yadav additional stated that technical evaluation was going on, following which the economic bid will be open.
In the month of September this year, about a month immediately after cancelling the tender for building as several as 44 Vande Bharat train sets, fresh tenders had been invited by the national transporter for manufacturing the semi-higher speed train sets focusing on Indian producers and advertising the Modi government’s ambitious ‘Make in India’ policy.
The Railway Ministry, in a statement, had stated the revised tender of 44 Vande Bharat trains sets has been floated by the national transporter for which the pre-bid meeting will be held on 29 September 2020. The tender will open on 17 November 2020, the ministry had stated. According to the officials of the Railway Ministry, train sets shall be developed at Integral Coach Factory in Chennai, Rail Coach Factory in Kapurthala and Modern Coach Factory in Raebareli.