Reuters reported that Indian wagon maker Titagarh Wagons Ltd's plans to set up JV with a Japanese firm Kawada Industries Inc will take longer than expected due to the massive earthquake that rocked Japan earlier this month,.

Titagarh has signed a memorandum of understanding with Japan's Kawada Industries Inc to manufacture steel bridges in India. The two firms plan to make two-lane modular bridges with steel composite decking.

Mr Umesh Chowdhary vice chairman of Titagarh Wagons said “The JV would be subject to a preliminary study getting completed. That is underway. And now with the current situation in Japan things will be deferred to an extent as they will have a lot of rebuilding work in Japan.”

He did not give a timeline for the venture to become operational.

He added that “The joint venture agreement has not yet been signed. It will take a little time.”

(Sourced from Reuters)