Indian Railways planning PLI for train components to curb imports

In order to cut dependence on imports, the Centre is looking at introducing a production-linked incentive (PLI) scheme for train component manufacturers, according to a report by The Economic Times (ET).

Officials were quoted as saying to ET that a consultancy firm will be selected through a bidding process this month to assist in shaping the details of the scheme. The firm will make a list of components that are used in manufacturing coaches and engines.