PSUs

IRCON and RZD International Russia, sign MoU for joint development of Infrastructure projects

By IndianMandarins- 15 May 2020
494

ircon-and-rzd-international-russia-sign-mou-for-joint-development-of-infrastructure-projects

Ircon International Limited (IRCON), has signed a Memorandum of Understanding with RZD International LLC, a subsidiary of state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

 

As per the MoU, both parties have agreed to form a joint Indian – Russian working group. This group will look into ways of developing a strong partnership to coordinate, plan, and subsequently implement projects in the field of railways and other infrastructure not only in India but also in countries of mutual interest.

 

The MoU was signed by Parag Verma, Chief General Manager (Business Development), IRCON International Limited and Sergey Stolyarov, Provisional Director-General of RZD International LLC.

 

Commenting on the MOU IRCON CMD S K Chaudhary said, “IRCON has been constantly looking to establish a strong partnership with the companies, wherein we can mutually benefit from our expertise. This MOU is a step towards building a long term business relationship which will help us to enhance our presence in different geographies’’.

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