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GeM and Indian Railways integration to generate Rs 500 bn opportunity for MSMEs

According to Piyush Goyal, after the integration of Government e-Marketplace (GeM) portal with Railways, there will be Rs 500 billion worth of annual procurement from MSMEs.Read more

Piyush Goyal calls for more participants in the Government e-Marketplace

The pilot bidding of railways buyers through integrated system is expected to commence by August end. About Rs 50,000 cr worth of annual procurement may be done by the railways on GeM post the above integration.Read more

Alstom delivers 100th electric locomotive of 12,000 HP to Indian Railways

As part of the contract worth Euro 3.5 billion won in 2015, Alstom will be supplying 800 fully electric high-powered double-section locomotives of 12,000 HP (9 MW) for freight service. This is the largest FDI project in the Indian Railway sector.Read more

National Engineering Industries & Amsted Seals JV to manufacture railway spares

The JV will be a big step towards supporting the vision of self-reliant India to set up best-in-class manufacturing infrastructure in the country.Read more

Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex

The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. Read more

FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion

In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more

Pump manufacturers in Coimbatore hike prices by 15 per cent

The price hike is due to the rise of raw material and spare parts prices which government was unable to control. Given that the demand is high in the industry for material supplies the industry is experiencing a tough time. Read more

Schmersal India decides to move towards railway and defence

While industries are battling to equalise their business to pre-Covid levels, companies are working out strategy to open more avenues to expand their business. In this Video Interaction with Pushkar Oak, Sagar Bhosale, MD, Schmersal India delves into safety gaining prominence in switchgears using new age technologies and Schmersal’s coping mechanism to sustain Covid impact.Read more

GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar

In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more

L&T’s power transmission & distribution division bags contacts for multiple projects

Though the combined value of these contracts has not been mentioned by Larsen & Toubro (L&T), the company has indicated that the value of projects is large, which denotes contracts in the Rs 2500 to Rs 5000 crore range. Read more

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