First major FDI offer in the railways, global companies bids
Siemens, Alstom and Bombardier have submitted price bids for setting up the factory in a joint venture model to manufacture 80 state-of-the-art locos per year at an estimated cost of Rs 1296 cr, said a senior Railway Ministry official.
The bids will be evaluated by the tendering committee and the lowest bidder will be announced by September-end.
First major FDI offer in the railways, global companies bids