Titagarh Wagon said that it planned to enter shipbuilding business and was scouting for land near Kulpi.

Mr JP Chowdhary chairman of Titagarh Wagon said that "We will require around 400 acres and may scout for technical partner for the project."

On the implementation of the Titagarh Wagon's joint venture project with US based FreightCar America he said it would get delayed.

Mr Chowdhary said the project had been delayed as orders had not been placed by the Railways for the light aluminium freight cars.

Speaking about the proposed tie up with Japanese companies for infrastructure foray, he said they were in an advanced stage of talks.

(Sourced from BS)