{"id":632246,"date":"2024-01-30T10:17:33","date_gmt":"2024-01-30T04:47:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632246"},"modified":"2024-01-31T11:51:17","modified_gmt":"2024-01-31T06:21:17","slug":"boost-to-the-rail-manufacturing-sector-titagarh-rail-forms-jv-with-amber-group-to-build-railway-components-in-india-and-italy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boost-to-the-rail-manufacturing-sector-titagarh-rail-forms-jv-with-amber-group-to-build-railway-components-in-india-and-italy\/","title":{"rendered":"Boost to the rail manufacturing sector! Titagarh Rail forms JV with Amber group to build  railway components in India and Italy"},"content":{"rendered":"<p>Indian rolling stock firms have been pushing their manufacturing capacity to reach a notch higher. Aiming in the same direction, an important strategic alliance was announced by Titagarh Rail Systems (TRSL) and Amber Group for a joint venture\/SPV in India and France as well. <\/p>\n<p>Both TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Limited, will invest approx Rs 120 crores each to obtain around 50% each in the SPV. These investments will be used to set up the new railway component business as well as a fresh equity investment in Italy\u2019s Firema, to expand their business into the European markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian rolling stock firms have been pushing their manufacturing capacity to reach a notch higher. Aiming in the same direction, an important strategic alliance was announced by Titagarh Rail Systems (TRSL) and Amber Group for a joint venture\/SPV in India and France as well. Both TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Limited, will invest approx Rs 120 crores each to obtain around 50% each in the SPV. These investments will be used to set up the new railway component business as well as a fresh equity investment in Italy\u2019s Firema, to expand their [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,264,138],"tags":[],"class_list":["post-632246","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632246"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632246\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}