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Locomotive deal still on, Piyush Goyal clarifies after GE's warning

GE had won a $2.6 billion contract in 2015 to supply Indian Railways with 1,000 diesel locomotives

Reuters  |  NEW DELHI 

U.S. firm General Electric's plan to build a diesel locomotive factory in eastern India is on track, the railways minister said on Thursday, seeking to allay concerns that the state-controlled network was making changes to the contract. Piyush Goyal's comments came after GE said this week that the Indian government's 'Make in India' initiative would be undermined if the railway ministry went ahead with changes to a joint venture with the conglomerate. GE had won a $2.6 billion contract in 2015 to supply Indian Railways with 1,000 diesel locomotives. But ...

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First Published: Thu, September 28 2017. 13:11 IST
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