Texmaco Rail, Touax and TrinityRail partner to invest in 100 rail rakes in India over next 3-5 yrs
New Delhi, July 29
Kolkata-based Texmaco Rail & Engineering Limited, France's Touax Group and US-based TrinityRail Global Inc. have entered into a strategic three-way partnership to strengthen India's rail freight ecosystem by creating an integrated railcar leasing platform and investing in new rolling stock, it was announced on Wednesday.
Under the agreement, TrinityRail Global will acquire a proposed 32 per cent equity stake in Touax Texmaco Railcar Leasing Private Limited (TTRL), the existing joint venture between Touax Group and Texmaco Rail, which currently hold 34 per cent equity each.
The companies said the expanded partnership will combine their expertise in wagon manufacturing, leasing, financing, engineering, maintenance and lifecycle management to support the growing demand for rail freight solutions in India.
As part of the collaboration, the partners plan to invest in 100 new railway rakes over the next three to five years, aiming to strengthen the country's freight transportation infrastructure and promote greater adoption of rail-based logistics.
Speaking at a media briefing, Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering, said the partnership brings together three complementary capabilities in manufacturing, leasing and engineering to deliver end-to-end rail mobility solutions for India.
"The idea of this joint venture is to offer integrated rail solutions encompassing design, manufacturing, financing, leasing, maintenance and lifecycle engineering," Poddar added.
Fabrice Walewski, General Partner and Chief Executive Officer of Touax Group, said the company has been operating in India for more than three decades through its container leasing business and has witnessed steady growth in the market.
He noted that Touax has longstanding relationships with organisations such as the Shipping Corporation of India and other shipping lines serving Indian ports.
''So, again, we are here in India for more than 30 years already in the leasing of the container activity. And it has been a growing market. We work with Shipping Corporation of India and other shipping lines, calling the port of India," he told IANS.
— IANS
Reader Comments
As someone working in supply chain, this is exactly what India needs. Private sector participation in rail leasing will improve wagon availability. Currently, we face shortages during peak seasons. Let's hope the government also continues to support such PPP models.
Good to see international collaboration, but I hope this doesn't mean more coal rakes while neglecting other commodities. We need balanced investment - agriculture, steel, cement all need dedicated rakes. Plus, we must ensure these are built by Indian workers in Indian factories. Make in India should be real!
Texmaco has been a trusted name in Indian rail manufacturing for decades. Pairing with Touax and TrinityRail brings global best practices in leasing and lifecycle management. This could be a game-changer for freight efficiency. I'm curious about the financial structure - will these be 100% foreign funded or is Indian capital involved?
Excellent move! Our rail freight share has been stagnant at around 30% compared to China's 50%. This partnership addresses the key issue - shortage of quality rakes for private operators. With Dedicated Freight Corridors coming up, we need more rolling stock. 100 rakes is a good start, but we need thousands more eventually.
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