RITES Pact to Supply Coaches to Bangladesh
RITES Limited, a government-owned enterprise under Indian Railways, has signed a significant contract to supply 200 broad-gauge passenger carriages to Bangladesh Railways, funded by the European Investment Bank for USD 111.26 million. This deal, secured through a global tender, includes design assistance, spare parts, and training. It aligns with India’s “Make in India, for the World” initiative and aims to enhance Bangladesh’s rail infrastructure, reflecting RITES’ commitment to exporting Indian-made railway stock and showcasing India’s manufacturing capabilities. The project emphasizes strategic international collaboration and aims to strengthen future export opportunities.
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