India to Supply Diesel Locomotive to Myanmar Railways

By | March 11, 2016
(Last Updated On: March 11, 2016)

India to Supply Diesel Locomotive to Myanmar Railways

Indian Railways PSU RITES signs Locomotives Export Contract with Myanmar Railways

India will supply 18 Meter Gauge 1350 HP Diesel Electric Locomotives to Myanmar to augment locomotive fleet of Myanmar Railways to meet increasing demand for passenger and freight traffic. A contract to this effect was signed on 4th March, 2016 at Naypyitaw, Myanmar by Mr. S. B. Malik, Director Technical, RITES Ltd. (a Public Sector Enterprise under Ministry of Railways) and Mr. U Thurein Win, Managing Director, Myanmar Railways in presence of Mr. U Nyan Tun Aung, Hon’ble Minister of Rail Transportation, Myanmar and Mr. Gautam Mukhopadhaya, Ambassador of India to Myanmar.

The supply contract of locomotives is a vital project being funded under an existing line of credit extended to Myanmar by Government of India. These locomotives will be manufactured by Diesel Locomotive Works, Varanasi with several modern features like microprocessor controls, fuel-efficient engine and ergonomic cab design etc.

Shri Rajeev Mehrotra, Chairman and Managing Director said that RITES is making all efforts to augment export of rolling stock manufactured at Railway Production Units. Response from South East Asian markets is very encouraging.

Category: News

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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