Cabinet apprised of MoU between India and France on Technical Cooperation in the field of railways

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Capital Market
Last Updated : May 16 2018 | 4:31 PM IST
The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has has been apprised of the Memorandum of Understanding (MoU) between the Indian Railways and SNCF Mobilites (a company owned by the French State) on Technical Cooperation in the field of Railways. The MoU was signed on 10th March, 2018.

The MoUs provide a platform for Indian Railways to interact and share the latest developments and knowledge in the railway sector. The MoUs facilitate exchange of technical experts, reports and technical documents, training and seminars/workshops focusing on specific technology areas and other interactions for knowledge sharing.

The MoU will provide a framework of cooperation for focused approach in following key areas :-

1. High speed and semi-high speed rail;

2. Station renovation and operations;

3. Modernisation of current operations and infrastructure;

4. Suburban trains.

Background:

Ministry of Railways have signed MoUs for technical cooperation in the Rail sector with various foreign Governments and National Railways. The identified areas of cooperation among others, include high speed corridors, speed raising of existing routes, development of world class stations, heavy haul operations and modernization of rail infrastructure, etc. The cooperation is achieved through exchange of information on developments in areas of railways technology & operations, knowledge sharing, technical visits, training & seminars and workshops in areas of mutual interest.

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First Published: May 16 2018 | 3:51 PM IST

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