IRCON- RZD International inks MoU for joint cross-country infra ventures
Ircon International IRCON, a public sector enterprise, has signed a Memorandum of Understanding with RZD International LLC, a subsidiary of Russian Railways Company to explore opportunities for joint development of railway and allied infrastructure projects in India, Asia, Africa and Latin America. The MoU, which was signed by Chief General Manager (Business Development), Ircon International, Parag Verma, and Provisional Director General of RZD International LLC, Sergey Stolyarov. Both the parties agreed to form a joint Indian – Russian working group to look into ways of developing strong partnership to coordinate, plan and subsequently implement projects in railways and other infrastructure, not only in India but also in countries of mutual interest. Commenting on the MoU, Chairman & Managing Director, IRCON, S. K. Chaudhary, said, "IRCON has been constantly looking to establish a strong partnership with the companies, so that we can mutually benefit from our expertise. This MOU is a step towards building a long term business relationship which will help us to enhance our presence in different geographies."
📅Published on:
21 May 2020
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