By Nirbhay Kumar, Business Today; July 3, 2020
The Indian Railways’ Rs 30,000 crore privatisation plan could see some of the global rolling stock manufacturers such as Bombardier, Alstom, Talgo and CAF vying for a share in the pie while both local and foreign firms bidding for operating trains on 109 routes.
“Rolling stock manufacturers are mostly going to be global players and that is the intent of the (railways) ministry as well. The question is who will be financier? It could be foreign entities or local ones and this depends on how the entire offer shapes up,” said Rajaji Meshram, Partner, EY India.