GE Says Upending $2.5 Billion Rail Deal Risks Jobs in India
Images Of Train Travel Ahead Of Indian Railways' Annual Budget
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General Electric Co. said if Indian officials walk away from a multibillion-dollar locomotive contract, the move would damage efforts to create jobs and chill foreign investment.
Altering the deal would “undermine one of the most promising infrastructure projects in the country,” GE said Tuesday by email. India may also be on the hook for “substantial fees associated with this project,” the company said.