Current Affairs

MELPL: Largest FDI Project of Indian Railways

Current context: Indian Railways has entered into Procurement cum Maintenance Agreement with Madhepura Electric Locomotive Pvt. Ltd. (MELPL) as part of largest Foreign Direct Investment project of Indian Railways.
MELPL: Largest FDI Project of Indian Railways 
  • The Madhepura Electric Locomotive Pvt. Ltd. (MELPL) is a joint venture of Indian Railways (India) and Alstom (France).
  • Ministry of Railways and Alstom came together in 2015 to transform the heavy freight transportation landscape of India and an agreement worth 3.5 billion Euro was signed to manufacture 800 electric locomotives for freight service.
  • As part of the project, the factory has been set up in Madhepura, Bihar to manufacture 120 locomotives per year.
  • The project will allow faster (maximum speed of 100 kmph) and safer movement of heavier freight trains.

Question: 

Q.1 Which among the following is a part of the largest FDI Project of Indian Railways? a. Hitachi Rail S.P.A (Formerly Ansaldo Breda)
b. Madhepura Electric Locomotive Pvt. Ltd. (MELPL)
c. Valente
d. Diesel Loco Works(DLW)
MELPL: Largest FDI Project of Indian Railways MELPL: Largest FDI Project of Indian Railways Reviewed by Neha Verma on November 15, 2019 Rating: 5

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