Altering diesel loco contract risks Make in India: GE

The proposal to wind up the project was mooted in a review meeting held by Piyush Goyal since the railways plans to become fully electrified

In a blow to Prime Minister Narendra Modi’s pro-industry image, US giant General Electric on Tuesday said any move by the Indian Railways to wind up the company’s Marhowra diesel locomotive factory in Bihar would “undermine the government’s signature Make in India initiative and will put future foreign investment at risk”.

“If railways moves forward with changes to the joint venture, they will undermine one of the most promising infrastructure projects in the country and put future foreign investment at risk. This will also undermine the government’s signature Make in India initiative,” the company said in response to a questionnaire.