This partnership is to design, manufacture, and develop driving gears, couplers, and pantographs for rolling stock, including high-speed and metro trains, regional rapid transit systems, Vande Bharat trains, wagons, trams, and other Indian Railway products.
With an initial investment of Rs 5 crores, AT Railway holds a 55% stake in the joint venture, Yujin holds 35%, and the financial partners Sinkodia and Dujin hold 5% each.
Sidwal, a 100% holding company of AT Railway, manufactures HVAC, pantry, doors, and gangways for rolling stock. This partnership is aimed to further increase Amber’s share in each coach.
“This strategic partnership aligns perfectly with our vision of contributing to the Atmanirbhar Bharat and Make in India initiatives. With substantial investments planned and access to cutting-edge technology from our Korean partners, we are well-positioned to capture a significant share of the lucrative railway rolling stock market while fostering an ecosystem for indigenous manufacturing, job creation, and skill development,” the spokesperson from Amber Enterprises said.
The interim budget allocated Rs 2.55 lakh crore to the Indian Railways for FY25. This is a 5.8% increase over the last year.
