India’s KK Birla group company Texmaco Ltd has entered into an agreement with Australian firm United Group Ltd for setting up a plant to manufacture new-generation wagons in West Bengal.
The two companies would form a 50:50 joint venture to form the biggest railway hub in the state.
The agreement was signed in the presence of West Bengal Chief Minister Buddhadeb Bhattacharjee. He called
Texmaco a “success story”. The chief minister said that the United Group, which is Australia's largest end-to-end rail technology solutions provider.
Paramashish Ghosh Roy has more on the story.