New Delhi (NVI): To facilitate industry participation in the rail sector, industry body FICCI has suggested the government to formulate a national railway plan and reform procurement policy.
Apart from this, the industry chamber has also recommended phased manufacturing program, expansion of PPP (public-private partnership) model to new areas, and closer collaboration with industry for absorption of technology.
The FICCI report also said railways will offer new manufacturing opportunities worth Rs 28,000 crore per year.
The report also identifies specific opportunities for industry across various areas such as rolling-stock manufacturing, sub-assembly or component manufacturing, machinery and tool manufacturing, and project execution.
The report has also enlisted 10 recommendations for policy makers to further facilitate industry participation in these opportunities.
