India is targeting a sharp rise in railway equipment exports, aiming to grow from the current Rs 7,000 crore to Rs 50,000 crore by 2030, Railway Minister Ashwini Vaishnaw announced on Thursday.
Highlighting India’s potential in the global rail market, Vaishnaw said, “To generate export demand, we have to offer the best quality at competitive prices. That’s why we invested nearly a year to design a new suspension system for the Vande Bharat trains. Propulsion and bogie technology are key strengths, while other components like metal work are simpler to produce. India now has strong expertise in propulsion systems.”
Currently, India exports a range of railway products—including bogies, passenger coaches, propulsion systems, locomotives, and metro coaches—to countries such as the UK, Canada, Australia, France, Germany, and Sri Lanka.
The minister emphasized that cutting-edge technology will be the backbone of export growth. “Our focus on high-quality, technologically advanced components will enable India to meet rising global demand,” Vaishnaw added.
With domestic production scaling rapidly, India is not only addressing internal passenger needs but also positioning itself as a global railway manufacturing hub.