Blog Entry# 2364786
Posted: Jul 28 2017 (14:55)
Last Response: Jul 28 2017 (14:55)
Other NewsJul 28 2017 (13:10) Siemens, Bombardier Train Manufacturing Talks Advance
German conglomerate Siemens and Canadian aerospace company Bombardier are reportedly close to forming joint ventures focused on train production.
Bloomberg, citing sources familiar with the matter, reported last month that the companies were in talks that would combine their existing train operations into two ventures.
Bombardier would control the train manufacturing business while Siemens would run a venture that would make train signaling equipment.
* India is a huge Market for high tech railway equipments, & train manufacturers.
* It is a golden opportunity for European/American to stand in competition with China's CRRC, as they may get preference due to not so good diplomatic relation between China & India.
* They can further compete with Chinese manufactures by establishing their new factories in India under "Make in India" campaign of Govt of India to cut down their manufacturing costs and then supply the products in India as well as other countries.
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