Shipbuilding, signalling next growth engines: Titagarh Rail Systems

FM Sitharaman - in Union Budget speech - unveiled a slew of measures to open Indian maritime economy, including ₹25,000-crore maritime development fund, tax breaks, and new shipbuilding subsidy policy

One of India’s largest railway companies, Titagarh Rail Systems (known as Titagarh Wagons till 2023), will “not look to be a fringe player” in two new segments — shipbuilding and railway signalling and safety — where it plans to chart a growth path, said deputy managing director (Deputy MD) Prithish Chowdhary.

 

“We do not believe in the approach to try our hand everywhere, hoping that we’ll take off in at least one or two forays. Our approach is investing in specific business areas that we are confident we can excel in. We are very clear in which direction we want