The Russian rolling-stock giant Transmashholding (TMH) is all set to enter the Indian rail sector. The company has submitted a performance bank guarantee (PBG) of Rs 200 crore to the Indian Railways, paving the way for the railways to finalize a manufacturing-cum-maintenance agreement with TMH. It will serve as the technology partner responsible for producing 120 of these advanced trains. The primary objective is to unveil the inaugural prototype of the Vande Bharat sleeper train by March next year.
📅Published on:
30 August 2023
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