MoU21 Aug 2024, 09:24 pm
RVNL Signs MoU with Dhaya Maju Infrastructure for Railway Infrastructure Projects in ASEAN Market
AI Summary
RVNL has signed a Memorandum of Understanding (MoU) with Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). The main objective of this MoU is to collaborate and participate in railway infrastructure and services projects in the ASEAN market and other markets, with a special focus on establishing a manufacturing base in Malaysia for railway coaches and other railway products. This move is aimed at catering to the growing need of ASEAN countries.
Key Highlights
- RVNL signs MoU with DMIA for railway infrastructure projects in ASEAN market
- Collaboration to establish a manufacturing base in Malaysia for railway coaches and other products
- MoU focuses on catering to the growing need of ASEAN countries
- RVNL's first major step towards international market expansion
- Potential for significant growth and expansion in the ASEAN railway market