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India’s steel & rail ministry over global rail tender- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
11/8/2017 steel tube expo-tube &pipe expo |
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Reuters reported that India’s steel and rail ministries are at loggerheads over the state run network’s proposal to buy rails from overseas, a move that would undermine Prime Minister Narendra Modi’s drive to build key infrastructure in India. In a meeting on Friday, Steel Ministry officials asked the railways to abide by procurement rules that require steel for major infrastructure projects to come from domestic producers, three people who attended the meeting said.
Indian Railways issued a tender seeking 717,000 tonnes of steel rails on Oct. 18, which was the first time the state-run railroad operator sought overseas rails. The tender could be worth an estimated 30 billion rupees ($464 million) for global steel majors. That amount will make up SAIL’s shortfall for the next two financial years.
The clash highlights the dilemma the government faces as it tries to promote local production through the “Make in India” campaign at the same time it faces resistance from some state buyers who need to procure goods as quickly and cheaply as possible.
For the financial year for 2017/18, SAIL is expected to supply 920,000 tonnes, only 65 percent of the target, according to a letter sent by Indian Railways to the Steel Ministry dated Oct. 18 and reviewed by Reuters. In 2018/19, SAIL is expected to supply 1.3 million tonnes, falling short of 1.5 million tonnes sought by the railways, the letter showed.
- The
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