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Indian Railways is the world's fourth largest railway network, spanning over 67,368 kilometers. It is a vital part of India's transportation infrastructure, carrying over 8.3 billion passengers and 1.2 billion tons of freight annually. The Indian Railways market is expected to grow at a CAGR of 6.5% from 2023 to 2027, reaching a value of US$9 billion by 2027. This growth is being driven by factors such as increasing urbanization, rising disposable incomes, and government initiatives to modernize the rail network.
The Indian government is the largest procurer of railway products and services. In 2022-23, the government spent over US$30 billion on railway procurement. The government procures a wide range of railway products and services, including locomotives, rolling stock, tracks, signaling systems, and electrification equipment.
The main railway products and services procured by the Indian government are:
Locomotives
Rolling stock
Tracks
Signaling systems
Electrification equipment
Passenger coaches
Freight wagons
Rail bridges
Tunnel construction
The top authorities for India Railways procurement are:
Ministry of Railways
Railway Board
Research Design and Standards Organisation (RDSO)
Indian Railway Construction Company (IRCON)
Rail Vikas Nigam Limited (RVNL)
The top winners of India Railways procurement are:
Alstom
Bombardier Transportation
Siemens
ABB
L&T
BHEL
Tata Steel
Titagarh Wagons
BEML
Medha Servo Drives
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