October 16, 2008

Somani Group signs MoU with ThyssenKrupp Gleistechnik

It is reported that New Delhi based Somani Group has signed a MoU with ThyssenKrupp GfT Gleistechnik to form a JV for techno commercial collaboration and to get products required for Indian Railways.

The proposed JV will be head quartered in New Delhi and will initially focus on the products manufactured only by Gleistechnik. After approval from the Indian Railways, the product will initially be imported but subsequently suitable production facility will be set up on Indian shores.