New Delhi, Sep 28 (IANS) Railway Minister Piyush Goyal on Thursday said the planned setting up of a diesel locomotive factory in cooperation with United States' General Electric (GE) in Bihar's Marhaura is "on track".
"Work on the factory is going on as per the plan and I think it's on track," the Minister told media persons here.
The Minister's remarks came after GE warned against changes to the joint venture.
Minister of State for Railways Manoj Sinha also said that there is no threat to the GE plant in Bihar and the project is on as per the agreement.
In 2015, GE had won a $2.6 billion contract to supply Indian Railways with 1,000 diesel locomotives.
According to the agreement, GE is to build a manufacturing facility in Bihar, and two maintenance sheds elsewhere in the country, to service the locomotives over 11 years.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.