- The company complains that restrictions by JICA as part of tied loans is affecting its business opportunities
Source | www.business-standard.com | Gireesh Babu
French trainset and related systems manufacturer Alstom is planning to double its manufacturing capacity in SriCity, in Andhra Pradesh, to 480 train sets per annum in near future. The company will be increasing its headcount from current 5,000 people to 8,000 by March 2023, said Alain Spohr, MD, Alstom, India & South Asia.
However, the company said it is unhappy as it is being restricted from participating in certain tenders based on conditions put forth by funding agencies, and that it is not being considered as an Indian company.
Speaking at SriCity, where it today commenced manufacturing of rolling stock for Mumbai Metro Rail Corporation (MMRC), Spohr said, “We are planning to double our manufacturing capacity at SriCity from 240 trainsets to 480 trainsets per annum in next three to four months. The factory is currently executing orders for Chennai Metro, Montreal Metro and Mumbai Metro Line 3”. The domestic and exports production is a mix of 50:50 at present and the company is comfortable with this mix. It has a localisation of around 75 per cent in India.
The first metro train for MMRC Line 3 will be delivered by November 2020. It has an order worth Euro 452 million for the Line 3 of MMRC, including manufacturing of 31 lightweight, fully-furnished modern metro trains of 8 cars each. The company expects completion of this project by 2022.