
When the idea of transforming the Indian Railways into a 100 per cent electrified service was first mooted in 2017, there were protests from all corners. Some analysts said the target was unviable, and others pointed to the risks of grid failure. The strongest opposition came from US major General Electric, which was worried about the fate of the $2.5-billion diesel locomotive manufacturing contract that it had signed with the government in 2015 to deliver 1,000 locomotives over 10 years under the signature “Make in India” project.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
-
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
-
26 years of website archives.
-
Preferential invites to Business Standard events.

Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Wed, February 22 2023. 17:54 IST
RECOMMENDED FOR YOU