Indian Railways sign deal with Indo-Russian JV for Vande Bharat trains

The Indian Railways has signed a supply contract with the Indo-Russian joint venture (JV), Kinet Railway Solutions, for manufacturing Vande Bharat trains, according to a report in The Economic Times (ET). Earlier, the viability of the JV had been questioned as the United States imposed fresh sanctions against senior officials linked with the Russian partners in this joint venture with the Indian company, Rail Vikas Nigam Limited (RVNL).

The deal between the Indian Railways and Kinet Railway Solutions will involve the manufacturing of 120 Vande Bharat trains, along with maintenance services for 35 years, government officials familiar with the matter said.