NEW DELHI (Metro Rail News): A detailed project report will be prepared by RITES on the proposed corporatization of Indian Railways’ production units, which will be discussed with the unions in the period of April-June next year. The unions of Indian Railways have opposed the decision of the national transporter to turn its production units into corporate entities, raising concerns about job losses, according to a news report.
Recently, Railway Board Chairman VK Yadav said that once the DPR by the Rail PSU is ready, the Railways will discuss it with unions and see how it can be taken forward along with ensuring that interests of Indian Railways’ staff are adequately taken care off. According to Mr Yadav, the consultation period will be of two-three months between April-June next year. Piyush Goyal-led Indian Railways plans to corporatize the production units which it has claimed will lead to greater efficiency.
These production units include the Integral Coach Factory, Chittaranjan Locomotive Works, Diesel Locomotive Works, Wheel and Axle Plant, Diesel Modernization Works, Rail Wheel Plant, Modern Coach Factory and Rail Coach Factory. According to the report, even the opposition parties including Congress have opposed these plans. On just three firms bidding for the production of Vande Bharat train sets, the Railway Board Chairman said it was a domestic tender with local content requirement increased to over 75%.