New Delhi, July 27 (EFE).- Talco India, a subsidiary of Spanish railway company Talco, on Wednesday closed a deal with Indian multinational Bharat Forge to manufacture high-speed (AV) trains in the Asian country. It is aiming for a millionaire investment from the Government of India to modernize its extensive network.
The consortium, formed by Talco India, owned by Patentes Talco, a subsidiary of BF Infrastructure, Bharat Forge, will “focus on creating a manufacturing, maintenance and life-cycle support center for light, energy-efficient high-speed trains. , the next generation of aluminium,” a company statement said.
“We are always looking for a local partner to engage with, and Bharat Forge, a well-known, ethical company in India, as well as a very strong financial institution, is the best partner we can have,” Talco’s Asia Pacific director Subrat Kumar Nath told Efe.
The collaboration between the Spanish company and Bharat Forge comes in the context of an Indian Railways tender for the production and maintenance of 100 new generation light rail trains.
The alliance will allow for “better business opportunities in the Indian railway sector” as the Spanish-owned subsidiary can meet national needs in the sector through an agreement with the Indian partner.
“Currently the Government of India has opened several tenders for modern trains, initially 160 km/h trains, now 200 km/h, some of these tenders may be of interest to us,” said Nath.
The Asian country has the world’s fourth-largest rail network, some 65,000 kilometers, and Prime Minister Narendra Modi’s government plans to make a multimillion-dollar investment to modernize the system, which largely dates back to British colonial times.
While presenting the country’s budget, Finance Minister Nirmala Sitharaman announced the government’s plan to build and manufacture 400 new trains over the next three years.
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