Why did the Indian Railways cancel the ₹30,000 crore Vande Bharat tender
Railways cancels ₹30,000 crore Vande Bharat tender as negotiations fail
- Negotiations between the Indian Railways and the bidders failed to reach a consensus on critical issues.
- The bidders reportedly expressed concerns over the terms and conditions of the tender.
- The cancellations were initiated to allow for a review of the tender document and possibly make changes to address the concerns raised by the bidders.
- The move is aimed at ensuring transparency, fairness, and competitiveness in the tender process.
- Indian Railways is committed to promoting 'Make in India' initiatives and is keen on indigenously manufacturing high-speed Vande Bharat trains.
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8 months ago