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Godrej & Boyce, Renmakch together to develop a 'Make-in-India’ value chain for railways
Industry News- Mar 03,23
Godrej Tooling signed a Memorandum of Understanding (MoU) with Renmakch to leverages global technology from Europe and Japan to promote indigenous development in Indian Rail sector.
Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Tooling has partnered with Renmakch, to collaborate on Machinery & Plant (M&P) projects for Railways and Metro Rail, offering ‘Made in India’ world-class equipment. The alliance will offer a complete value chain ranging from design to building for the Railways and also bid on larger projects. The Company has been a trusted partner of the Indian Railways for over 15 years now.
Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment. The collaboration will introduce the latest technology for the Rail industry from Europe and other developed countries and indigenise it for India.
With the Indian Railways announcing their plans to invest in new generation trains such as Vande Bharat and subsequently new workshops and depots, Godrej & Boyce aims to harness this opportunity by offering a turnkey solution to the Indian Railways. This will not just fuel India’s self-reliance but also improve the speed, quality, and safety of railway and metro coaches during maintenance. The Company expects to acquire a 20-30 per cent market share in this sector over the next five years.
Pankaj Abhyankar, Senior Vice President and Business Head, Godrej Tooling, said on the collaboration, "With India’s commitment to introduce new generation trains such as Vande Bharat, we are happy to partner with Renmakch to contribute in the strengthening of the railway network across the nation. By utilising our collective strengths and together introducing global technology from Europe and Japan, we aim to promote the indigenisation of products and offer turnkey solutions for major M&P investments in modern technologies. This collaboration will contribute to improving the speed, quality, and safety of railway and metro coaches during maintenance. We look forward to a long and fruitful association with Renmakch on many important public projects for the Indian Railways and Metro Rail."
Godrej Tooling and Renmakch will have a ten-year-strong partnership. The association will contribute to the 'Make in India' and 'Atmanirbhar Bharat' initiatives by developing depot equipment, which is an import substitute. Godrej Tooling supplies jigs and fixtures, automation solutions, and workshop equipment for railway workshops and metro depots.
Godrej & Boyce
Machinery & Plant (M&P)
Renmakch
Indian Railways
Metro Rail
Europe
Pankaj Abhyankar
Make in India
Atmanirbhar Bharat
Japan
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