Czech Republic Skoda is keen on strengthening its presence in India by setting up manufacturing facility for metro coaches. Not only Skoda, even global companies are lining up fresh investment in metro rail segment in India along with expanding their existing operations.
Skoda, which supplies coaches for Delhi metro, would like to manufacture the coaches within the country as India is piling up with number of metro projects across the cities. Skoda would like to scale up its presence as Indian cities like Jaipur, Cochin, Bengaluru Lucknow and Mumbai have embarked upon metro projects.
EEPC India Engineering Sourcing Show held on January 22 of this year, showcased India’s engineering capabilities and investment for foreign companies in Indian projects.
Earlier the show at Prague in 2012 had culminated into investment by Czech-based Bonatrans into setting up a Rs.300-crore joint venture at Aurangabad for manufacture of metro wheels. So, the Czech companies are looking into more opportunities as the earlier show had resulted in signing of joint ventures involving large scale investment.
According to Ambassador in India, Miloslav STASEK, Czech integrated transport companies are very strong in the railways and would certainly keen to invest in some of the upcoming projects in India like the High Speed Railway Corridor.
STASEK and his country would like to strengthen bilateral relationship with India, both in trade and investment and expect good viable policies and tax laws from the forthcoming new government in India at the Centre. While Czech investors have a target to enhance the mutual trade to $2 billion by 2015, they also would like to increase the mutual investments in the areas of science and technology besides engineering industry.