Blog Entry# 2037413
Posted: Oct 26 2016 (17:35)
Last Response: Oct 26 2016 (17:36)
Commentary/Human InterestOct 26 2016 (06:49) Alstom's plant closure not to impact railways project: French Minister
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'Rafale deal will pave the way for the strengthening of France-India technological and industrial cooperation'
Alstom’s decision to stop production at a plant in Belfort due to poor demand will not impact its India operations, French minister of State for Industry, Christophe Sirugue said in an interview.
Alstom’s India operations will include the implementation of a more than a €3 billion contract it bagged in November 2015 to supply Indian Railways 800 freight electric locomotives and carry out the related long-term maintenance.
Oct 26 2016 (17:36)
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In fact closure of one of the Alstom's plant in France, will motivate the French company to give more attention to Indian plant and make India an export hub due to lower cost of production and higher profitability.
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