Indian Railways to launch PLI scheme to lower import dependence
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Indian Railways is exploring a production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing of brakes, wheels, and transmission systems for LHB and Vande Bharat train sets. The primary objective of this initiative is to reduce dependence on imports, particularly from China and Europe. The Railway Board is seeking a comprehensive study to significantly lower imports by the end of the fiscal year 2023-24.