{"id":653449,"date":"2025-11-22T09:02:39","date_gmt":"2025-11-22T03:32:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=653449"},"modified":"2025-11-22T09:40:33","modified_gmt":"2025-11-22T04:10:33","slug":"rites-seeks-new-financing-to-expand-africas-access-to-indian-locomotives","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rites-seeks-new-financing-to-expand-africas-access-to-indian-locomotives\/","title":{"rendered":"Rites seeks new financing to expand Africa&#8217;s access to Indian locomotives"},"content":{"rendered":"<p>Rites Ltd is seeking new financing structures to support African nations in acquiring Indian-made locomotives with the state-run exporter in talks with local lenders and Export-Import (Exim) Bank to create a funding consortium for markets interested in retrofitted diesel engines.<\/p>\n<p>The Railway navratna has recently started exploring overseas markets for India&#8217;s existing diesel locomotives after modifying them.<\/p>\n<p>&#8220;There are about 12 countries in Africa which are in cape gauge (also called narrow gauge), but they have funding issues,&#8221; Rahul Mithal, chairman and managing director told ET.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rites Ltd is seeking new financing structures to support African nations in acquiring Indian-made locomotives with the state-run exporter in talks with local lenders and Export-Import (Exim) Bank to create a funding consortium for markets interested in retrofitted diesel engines. The Railway navratna has recently started exploring overseas markets for India&#8217;s existing diesel locomotives after modifying them. &#8220;There are about 12 countries in Africa which are in cape gauge (also called narrow gauge), but they have funding issues,&#8221; Rahul Mithal, chairman and managing director told ET.<\/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":[130,258,136],"tags":[],"class_list":["post-653449","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/653449","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=653449"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/653449\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=653449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=653449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=653449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}