The Hindu Business Line : Titagarh mulls venture with Freight Car, GE Group co

Kolkata, Sept 20 The Kolkata-based Titagarh Wagons Ltd has proposed to form a joint venture with Freight Car of the US and “one of the GE Group companies” to set up a special purpose, high-capacity railway wagon manufacturing facility in West Bengal at an estimated investment of $35 million.

According to Mr J.P. Chowdhary, Chairman and Managing Director of the Titagarh Group of Companies, the proposed facility would most probably be set up near the group’s existing wagon-manufacturing facility at Titagarh. While Freight Car of the US has a capacity to manufacture 18,000 wagons per annum, Titagarh Wagons is equipped to manufacture 4,000 wagons annually.

Mr Chowdhary, along with representatives of Freight Car, met the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, at the Writers’ Buildings here on Thursday to discuss the proposed project.

Land allotment

Speaking to newspersons after the meeting, Mr Chowdhary said the Chief Minister had been requested to facilitate allotment of 100 acres of land “in the vicinity of the existing wagon manufacturing plant at Titagarh” so that the project could be set up there. The techno-economic feasibility report of the proposed project was being prepared, he said.

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