Govt may invite foreign firms to set up rail-making units in India

The government is likely to ask for an Expression of Interest from global companies

The central government is considering a global tender for manufacturing of rails. Companies would be asked to set up production units as part of the ‘Make in India’ project.

“With (government-owned) Steel Authority of India (SAIL) and Jindal Steel & Power (JSPL) unlikely to meet demand from the railways, there are plans for a global tender,” said a source in the know.

The government is likely to ask for an Expression of Interest (EoI) from global companies. The major entities who could take part include Voestalpine Schienen, Sumitomo Corporation, Angang Group International,  East Metals, CRM Hong Kong, British Steel, France