Indian Railways eyes China-style rolling stock company! In a big initiative, Piyush Goyal-led Indian Railways is looking to corporatise all its manufacturing units under a single entity, which may even be the world’s largest.
Financial Express Online has earlier reported Indian Railways 100-day roadmap to bring all its rolling stock, locomotive and wheels manufacturing units under a single entity, the Indian Railway Rolling Stock Company (IRRC). According to an IE report, this new entity will be one of the biggest rolling stock companies in the world, beating bigwigs like Siemens, Bombardier, GE, etc.
The idea of IRRC has been modelled along the lines of China’s CRRC Corporation Limited, the report suggested. The CCRC was established by amalgamating around 40 big and small manufacturing units into one corporate entity in the year 2015. Read More
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