INDIA and Russia are locked in a tussle for the control of a joint venture company that has won an approximately ₹30,000-crore contract to build 120 new Vande Bharat trains and maintain them for the next 35 years.
Metrowagonmash, which is part of Transmashholding, Russia’s largest transport engineering company specialising in developing, designing and manufacturing of rolling stock for railways, had in partnership with Indian public sector undertaking Rail Vikas Nigam Ltd (RVNL) successfully bid for manufacturing 120 Vande Bharat trains and their maintenance for the next 35 years.
This story is from the June 09, 2023 edition of The Morning Standard.
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This story is from the June 09, 2023 edition of The Morning Standard.
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