Bharat Forge Infrastructure Limited signs Binding Agreement with Talgo India Private Limited. BF Infrastructure Ltd., a wholly-owned subsidiary of Bharat Forge Limited and Talgo India Pvt Ltd., a wholly-owned subsidiary of Patentes Talgo S.L. have collaborated together to set-up a joint venture which will engage into manufacturing high speed passenger trains. The alliance will also address in future large business opportunities in the Indian Railways sector and tap the upcoming domestic requirements in the field.
The collaboration between BF Infrastructure Ltd. and Talgo India Pvt Ltd. will significantly contribute to Government of India’s initiative of Atmanirbhar Bharat. The collaboration will help bring state-of-the-art and high-speed rail technology and solutions to the Indian Railways and other private operators that will serve under the overarching self-reliant vision. The proposed collaboration will also focus on setting-up manufacturing, maintenance and life cycle support hub for new generation, energy efficient, lightweight aluminum high speed railway trains.
The collaboration between the companies comes amidst the backdrop of the Indian Railway’s tender for the manufacturing and maintenance of 100 new generation light weight energy efficient trains.