"The railways has fostered a joint venture between two public sector undertakings and we (railways) will have an indirect participation. The project is likely to be commissioned very shortly," Hemant Kumar, Railway Board member, said at an interactive session with Railway Minister Suresh Prabhu hosted by MCC Chamber of Commerce and Industry.
Banerjee had laid the foundation stone for the project and work on the factory had began in 2011.
The wagon factory will be a joint venture between Steel Authority of India (SAIL) and RITES Ltd and will be called SAIL-RITES Bengal Wagon Industries Pvt Ltd.
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