According to Bloomberg, GE and Alstom secured contracts worth $5.6 billion to build trains for India’s state-owned railway.
As Bloomberg noted, GE will produce diesel engines in a deal worth $2.6 billion, while Alstom’s contract is worth $3 billion and is for electric engines.
The goal of the contracts is for production of 1,000 trains over the next 11 years, Bloomberg said.
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