For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Make In India: 3 Indian Cos Express Interest In Mumbai Monorail Projects

By Staff
|

Days after town authority MMRDA (Mumbai Metropolitan Region Development Authority) scrapped bids by two Chinese firms, as many as three companies have expressed interest in manufacturing rakes for Mumbai's monorail projects.

Make In India: 3 Indian Cos Express Interest In Mumbai Monorail Projects
 

In June, MMRDA scrapped the Rs 500 crore contract for sourcing 10 rakes for the Jacob Circle-Wadala-Chembur monorail project wherein two Chinese firms had expressed their interest to supply the rakes, stating that the companies were "dictating" terms.

The authority in a tweet said, "Three Indian Companies have shown interest in designing and developing Mono rail rolling stock! After giving first order for make in India metro coaches for Line 2 and 7, @MMRDAOfficial hopefully will get develop mono rail coaches in India."

MMRDA commissioner R A Rajeev had earlier said that the authority was in talks with Indian companies including Bharat Heavy Electricals (BHEL) and Bharat Earth Movers (BEML) and a private sector player Titagarh had expressed their bid for the contract.

"BHEL, BEML have expressed their interest," an MMRDA official said.

BEML has already bagged the contract for manufacturing metro rakes for Metro 2A (Dahisar-DN Nagar) and Metro-7 (Dahisar E-Andheri E).

Last year, MMRDA had floated a global tender to design, manufacture and supply 10 rakes and had received bids from China's CRR Corporation (China Rail Road Corporation) and BYD (Build Your Dreams) as well as an American firm.

However, the authority later cancelled the tender in January this year, when bidders were seeking changes in the terms.

 

In February, the authority reinvited the bids and the size of the contract was around Rs 500 crore.

According to MMRDA, the Chinese firms which had again bid for the contract were continuously asking for revisions in terms and conditions and eligibility criteria.

MMRDA also said that due to the current economic situation that has arisen following the COVID-19 pandemic and in line with the various polices announced by the government to encourage 'Make in India' schemes, it has been decided to look for Indian technology partners for development and long term support.

Read more about: make in india mumbai
Story first published: Saturday, July 4, 2020, 12:48 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more