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Bombardier's Savli facility to be export hub

Created at an investment of Rs.230 crore Bombardier Transportation will develop its Savli facility near Vadodra in Gujarat as an export hub to service orders of USD2.7 billion for commuter cars and bogies from various parts of the world, including Australia and Brazil, the company has said.

Railway modernisation, safety will need $120 billion

The modernisation and safety of Indian Railways will require Rs 660,000 crore (USD 120 billion), Parliament was told on Friday.