New Delhi: The Indian Railways is expected to invest approximately $23.5 million for procurement of machines and approximately $140 million for modernisation of workshops over the next one year.<!--more-->

According to Member Mechanical RK Rao "the concept of ‘workshop modernisation' itself has undergone a sea change The rapidly growing Indian economy is making huge demands on the infrastructure and logistics. The sprawling Indian rail network has a definite edge in providing the most critical input to the economy namely transportation.

To retain this edge improve further, the Indian Railways have a massive investment plan of Rs. 2,50,000 crore for the 11th Five Year Plan, Rao said. He was speaking at a two-day International Seminar on "Railway Workshop Modernisation & New technology in Machine Tools" organized by the Institute of Rolling Stock Engineers, Central Organization for Modernization of Workshops (COFMOW) Chapter.

Indian Railways has more than 50 independent Mechanical Engineering Workshops and Production Units which undertake manufacturing, overhaul and repair activities for locomotives, coaches, wagons and other railway assets.

Institute of Rolling Stock Engineers has been actively engaged in dissemination of Railway Engineering knowledge among its members, industry and users through a large pool of distinguished technical experts.
—iGovernment Bureau