Rail Vikas Nigam has signed Memorandum of Understanding (MoU) with M/s Texmaco Rail & Engineering. The MoU aims to establish a framework for collaboration in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors.
The company has signed MoU to collaborate on railway infrastructure, including manufacture and maintenance of rolling stock, operation and maintenance of rolling stock and workshops. Further, future collaboration and strategic initiatives includes establishment/operation for wheel set manufacturing facility & bogie manufacturing plants, manufacturing of metro coaches and trainsets in India, execution of EPC and allied infrastructure projects and technology & innovation in areas of automation, digitalization, sustainable solutions, artificial intelligence, data analytics, green technologies, and other progressive fields relevant to railway infrastructure, manufacturing, operations, and maintenance.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways.
