GE to build 1,000 trains for India in massive deal

Posted online November 10, 2015 | 11:57 am

General Electric has landed a $2.6 billion contract to supply India with 1,000 diesel locomotives, the latest effort to upgrade the country's sprawling rail network.

In the deal, GE agreed to build a $200 million manufacturing plant in Bihar, the country's third most populous state.

The deal has a shelf life of 11 years.

Read more from CNNMoney.

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