About Railway Rolling Stock
India, already one of the largest Railway networks in the world, which runs 12,617 trains to carry over 23 million passengers daily has witnessed increased production of rolling stock in 2019. 495 Electric Locomotives were produced in April-November 2019 compared to 309 in the same period of 2018. Increased productivy, reduced production times and adoption of technologies such as on-line Monitoring of Rolling stock System (OMRS) is continuously providing an impetus to this sector. Governmnet reforms, such as the formation of a new government-owned entity called "Indian Railway Rolling Stock Company" are also boosting growth. Under NIP, 31 projects with 20% of the estimated capital expenditure in Railways (INR 275,539 crore) is earmarked for the production of locomotive and rolling stocks.