Bharat Heavy Electricals (BHEL) has entered into a Memorandum of Understanding (MoU) with SwissRapide AG to bring Maglev trains (magnetic levitation) to India. The company is aimed at expanding its footprint in the urban transportation sector as part of its diversification initiatives.
The MoU sets out the foundation to cooperate and explore mutually beneficial business opportunities, and to utilise both the companies' inherent capabilities, skills, knowledge and assets, with respect to the scope of Maglev Train projects in India. The Maglev Rail system hovers in the air instead of rolling, due to magnetic levitation, thus the vehicles have no physical contact with the guideway. This enables the system to be highly energy efficient, allows operating speeds of easily up to 500 km/h and significantly reduces the total cost of system ownership.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
