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RITES, Titagarh Wagons sign MoU on rolling stock development

May 26th, 2022 6:37 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Gurugram, May 26, 2022: RITES Ltd., a leading transport infrastructure consultancy and engineering company, signed a memorandum of understanding (MoU) with Titagarh Wagons Limited, a company with expertise in rolling stock and propulsion systems, to synergise their efforts in their respective fields.

Under this agreement, RITES Ltd. will provide expertise in design, marketing, operations & maintenance, and support for tapping domestic and international markets while Titagarh Wagons Ltd. will develop and manufacture suitable products and submit competitive offer as per the requirement of potential clients and customers in domestic and overseas markets.

Talking about the MoU, D Majumdar, Executive Director, Railway Equipment Services, RITES Ltd., said, “The partnership between the two like-minded entities intends to bring in best practices by leveraging each other’s technical expertise to build sustainable and robust transport infrastructure not just in India but across geographies.”

Both the companies would explore collaborations in operations & maintenance, signalling & telecommunication, public information system, railway electrification and other systems, export and related services, and infrastructure, including buildings, airports, urban engineering, IT, urban transport, including metro railway systems, for domestic and international markets.

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