Railways renews MoU with Switzerland to boost technical cooperation

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Addressing the MoU signing ceremony, Union Railways Minister Ashwini Vaishnaw said it will provide a comprehensive framework for collaboration to the Indian Railways in various areas, including technology sharing, track maintenance, management and construction, according to the statement issued by the Ministry of Railways said.

The Railways on Tuesday renewed a memorandum of understanding (MoU) with the Federal Department of Environment, Transport, Energy and Communications (DETEC) of the Swiss Confederation to enhance technical cooperation between the two nations, an official statement said.

The MoU, renewed and formalised through video conferencing, received approval from the ministries of Railways and External Affairs, it said.

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Category: BusinessFinance

Markets: IndiaMaliSwitzerland

Topics: Train technology Operational efficiency Ashwini Vaishnaw Technical cooperation MoU Rail infrastructure Indian Railways Railway technology

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-10-30 @ 07:41:11 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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Sentences: 10 lines

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News ID: 23334141

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