Molinari Rail to set up manufacturing unit in India
Posted on:15 Nov 2016 09:38:14
15 November 2016 Current Affairs GK: Swiss major Molinari Rail will set up a manufacturing and assembly centre for auxiliary power units for diesel locomotives in India by next year.
Molinari Rail AG has entered into a strategic pact to design, manufacture and deliver the auxiliary power units (APUs) for 1,000 diesel locomotives to be built in India for Indian Railways.
For Indian Railways and we will manufacture and assemble auxiliary power units here in India for the 1,000 diesel locomotive programme. By this, Molinari Rail is following the 'Make in India' strategy of creating new jobs and local expertise.
However, he declined to share details about the investment needed for the project.
Molinari, who is also the board member of SwissRail Industry Association, said the group will form a Lucknow-based company that will manufacture 100 auxiliary power units per annum, which can be ramped up later.
Molinari has the SwissRail Industry Association is keen to invest in India. The association has 110 members and most of them are SMEs and family-owned companies.
The members are all very innovative, competitive and delivering world class Swiss quality. Most of them are into exports and of course India is a natural place to work for us. Swiss industry and especially Swiss rail industry has always collaborated with India for a long time.
Headquartered in Switzerland and having major sites in Austria and Germany, Molinari Rail delivers customised solutions for the rail industry worldwide.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail