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Indian Railways to float tender for high speed mobility
The Railways Ministry will issue mega-tenders for rail tracks. The government's tenders, which are set to be released this month, will have a significant impact on the Make in India initiative. Private players will be invited, and they will be asked to manufacture rail tracks in India to meet the Indian Railways' requirements. Once those requirements are met, efforts will be made to increase exports. Along with these multi-billion-dollar tenders, the Railway Ministry has a clause that requires private players to set up a separate or new manufacturing unit every year. The parameters for the tracks will be very high. The global standard is increasing.
