BANKING AFFAIRS

Detailed explanation-1: -ICF General Manager Sudhanshu Mani had told PTI that it cost nearly Rs 100 crore to build the prototype and subsequent production would bring down the cost.

Detailed explanation-2: -Today, the WAP7 is the flagship passenger locomotive of IR, with more than 1, 000 in service at a total investment of almost Rs 15, 000 crore.

Detailed explanation-3: -22 cr. (excluding custom duties) through indigenisation initiatives. CLW has so far manufactured 40 locomotives with indigenisation of major items and the cost per locomotive has come down to 12.5 cr.

Detailed explanation-4: -Detailed Solution. Acknowledging its made-in-India status, the Indian Railways has named the indigenously manufactured Train 18 as Vande Bharat Express. Vande Bharat Express is set to run between Delhi and Varanasi at a maximum speed of 160kmph.

Detailed explanation-5: -Manufacturing cost of an indigenously made WAG9 type locomotive is just above Rs 10 crores. Under ‘Make in India’ initiative, CLW has successfully produced IR’s first 9000 HP locomotive and turned out on 31 March this year.