Vande Bharat trains to get a PLI boost as Indian Railways looks to reduce import dependence, make more parts in India – Times of India
Vande Bharat trains will increasingly have indigenous components, with the Modi government looking at a new PLI or Production Linked Incentive Scheme for train parts. In a bid to attract foreign manufacturing firms and lessen import reliance, the government is set to roll out a PLI scheme for train component manufacturers, an ET report said….