Indian Railways Takes a Major Step in Revenue Generation
In a significant move to enhance its revenue, Indian Railways is set to commence the export of locomotives to Guinea, a coastal nation in West Africa. On June 20, Prime Minister Narendra Modi will flag off the first locomotive manufactured at the Diesel Locomotive Factory in Marhowra, Bihar. Additionally, he will also inaugurate the Vande Bharat train service between Patliputra (Bihar) and Gorakhpur (Uttar Pradesh). This marks the inaugural export of locomotives by Indian Railways, promising a boost to its revenue.
A senior official from the Ministry of Railways explained that previous exports were conducted through lines of credit, serving as a form of assistance for development projects in various countries, including Bangladesh and Mozambique.
The official further stated, "This factory has successfully won the global tender issued by Guinea. These engines will be utilized for transporting goods from the country's iron ore mines. Each engine boasts a power output of 4,500 horsepower (HP) and includes various features such as windshield heating for fogging, insulated roofs, toilets, and air conditioning.