A special purpose vehicle (SPV) will set up a new plant in India to manufacture critical railway components and subsystems used in the manufacturing of railway and Metro coaches. It will also make fresh equity investments into Titagarh Firema SpA, Italy, an associate of the Titagarh Group, along with new investment by the Italy government's investment arm, Invitalia, for which an in-principle approval has already been obtained. Read The Rest at :
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