INDIA BUSINESS WORLD - MAY 11th - MAY 31st - 2008
INDIA INKS MOU WITH FRANCE TO MODERNISE RAILWAYS
The Indian Railways has signed an MoU with their French counterpart SNCF International to modernise railway infrastructure in India. The French are looking to bring investment and technology for developing high speed trains in India and providing training to employees of Indian Railways. The MoU was signed was signed by R K Goyal, additional member in charge of planning at Indian Railway Board, and Jean-Pierre Lubinox, chairman of SNCF.
Under the MoU, a steering committee composed of two representatives of each country will be set up.
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