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On government's localisation push
"WE (WABTEC) ARE WELL ADVANCED IN TERMS OF LOCALISATION CAPABILITIES. AND I'M VERY CONFIDENT IN OUR POSITIONING WITH OUR ROBUST TRANSFER OF TECHNOLOGY PROCESS" - PASCAL SCHWEITZER, President, Wabtec Transit.
With diesel being seen as a relic of the past, now, Wabtec looks at tapping into India’s aggressive push to introduce modern, fast urban rail transportation across the country through its equipment and technology vertical, Wabtec Transit.
In an interview with Business Standard, Pascal Schweitzer, newly appointed President of Wabtec Transit, said the component-maker and technology solutions firm sees India as one of its top markets, especially after the past year witnessed unprecedented acceleration and an "inflection point" in railway infrastructure.
"Railways are a great solution for the future of cities and countries. You see a lot of growth in rail in Western Europe and you see huge growth in India. You also see growth in North America. So, we have a big ambition to be a leading provider of technology solutions," Schweitzer said, elaborating on the markets the company looks to capture at a large scale.
Diese Geschichte stammt aus der July 03, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der July 03, 2023-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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It's a new cover story
A hike in banks’ deposit insurance may be on the» anvil as a periodic review and revisit of a risk-based approach are discussed.
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It's a new cover story
A hike in banks' deposit insurance may be on the anvil as a periodic review and revisit of a risk-based approach are discussed, reports Raghu Mohan
Women Achievers to Take Over PM's Social Media Accounts to Mark Women's Day
Calling on people to celebrate and respect the indomitable spirit of women, Prime Minister Narendra Modi said on Sunday that he will hand over his various social media accounts to women achievers from different walks of life to mark the International Women's Day on March 8.
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Tough times ahead for banking sector
Banks have been able to rein in bad loans but are now staring at a drop in low-cost funds and shrinking net interest margins
'Constant policy changes don't help make investment decisions'
India is among the largest growth-contributing markets for Bacardi globally.
Pakistan's Newest Airport Is Bit of a Mystery
The $240 Million Project in Gwadar Remains Unused With No Passengers, Flights
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Coffee prices soar to 50-year high
Climate change pushes up production costs
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Makhananomics Spices Up Bihar's Political Battle
With Chouhan's outreach to makhana farmers on eve of PM's visit and Union Budget boost for the state, BJP-led NDA gears up to return to power in its stronghold. HARSH KUMAR writes
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Surat rings loud in ultra-premium smartphone surge beyond metros
If you assumed that ultra-premium smartphones—priced at ₹45,000 and above—were largely confined to India's big metros and Tier-I cities, think again.
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Long live the mad bull market
From their peaks between late September and early December, various market indices have fallen sharply.