Molinari Rail signs strategic agreement about the engineering and delivery of APUs for Indian Railways locomotive program

Molinari Rail signs strategic agreement about the engineering and delivery of APUs for Indian Railways locomotive program

Winterthur  – Molinari Rail AG entered into a strategic agreement to design, manufacture and deliver the auxiliary power unit, hereinafter referred to as «APU», for each of up to 1.000 diesel locomotives to be built in India for Indian Railways. The delivery will be realized in the next 11 years. The Swiss based Molinari Rail AG will realize this contract together with its Engineering competence center in Schwaz, Austria for the design and engineering. Meeting the Make in India strategy Molinari Rail AG will set up a new manufacturing, assembly and service entity in Lucknow, India in 2017.

Source: Molinari Rail (Link to news release)

About the author

Amitabh Arora

Amitabh Arora

Amitabh Arora has more than 18 years of experience promoting foreign direct investments (FDI), trade and economic relations between India and Switzerland, South Korea, United Kingdom and Canada. He is currently working as Director Key Accounts at the Greater Geneva Berne area (GGBa), the economic development agency of western Switzerland. GGBa offers a comprehensive range of services at no charge to foreign companies seeking to establish a presence in Switzerland. He is also the founder of FDITracker.com, tracking FDI developments worldwide. Amitabh has a Masters in International Business from the Indian Institute of Foreign Trade (IIFT) and a Bachelor of Business Studies (BBS) from College of Business Studies, India.

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