Question

Describe the growth and development of the railway equipment industry in India.

Answer 1

Hint: The railway sector in India is the fourth largest in the world and run by the public sector. Rail Wheel Factory, is a production unit of Indian Railways which is located at Yelahanka, Bangalore .

Complete Answer:
- India railway equipment market is anticipated to grow at a formidable rate during the forecast period. This can be majorly associated with the large-scale investment by leading companies and governments of the country.
- Due to the increasing volume of transported products bonded with the increase in distance covered by logistics vehicles, the demand for railway equipment has intensified, thereby driving growth in the market.
- Among the different railway infrastructure, the rolling stock demand is significantly increasing at a rapid pace in the India railway equipment market. This demand can be associated with the increasing fuel prices as it acts as the key source behind the working of the transportation industry.

Note:
- There are seven manufacturing plants of the Indian Railways, called Production Units which are governed directly by the ministry. These seven production units, each headed by a General Manager who also notes directly to the Railway Board.
- There are 18 zones of Indian railways.
- Lord Dalhousie has served as the Governor-General of India from 1848 to 1856. He is known as the father of Indian railways because he had inaugurated the railways in India through his popular Railway minutes of 1853.