Indian Railways To Offer Thousands Of Jobs To Americans In The U.S.
Washington, D.C., United States (AHN) – Indian Railways with their expansion program is in the midst of offering thousands of jobs in the United States if all goes according to expectations during U.S. President Barack Obama’s upcoming November visit to India, according to a visiting top-ranking Indian business visionary.
Moreover, the initial orders are expected to cross a combined value of $4.5 billion from Indian Railways in the next 10 years, of which a substantial share is set to go to involved American firm, added Amit Mitra, chairman of an experts committee set up by Mamta Banerjee, the Indian railway minister.
Among all the offers on the plate, one is a definite win-win situation for the U.S. businesses as only two companies Elector-Motive Diesel (EMD) and General Electric (GE), both from the U.S. are bidding for the project of manufacturing of diesel locomotives worth millions of dollars, noted Mitra.
Mitra, who is also the Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI) is looking at the role of Public Private Partnerships (PPP) and innovative financing for the development of Indian railways.
American company GE also features among four bidders for a multi-million dollar electrical engine components unit in Dankuni, also in West Bengal.
Mitra noted that the corresponding jobs in the U.S. would be created either in Erie, Pennsylvania or in LaGrange, Illinois.
In the coming month, there is an invitation to receive financial bids in the pipeline from six short-listed companies, including one from the U.S., for building a coach factory in Kanchrapara in West Bengal.
During his trip to Washington, D.C., Mitra disclosed he was here working to finalize business agenda for the November presidential visit to Mumbai, Amritsar and New Delhi.
Mitra noted that with the generation of jobs both in the U.S. and India, the upcoming Obama visit is set to cement the economic ties between the two democracies.
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