Infrastructure
Advancing Railway Technology: South Korea's Yujin Machinery Joins Forces With AT Railway Sub Systems
V Bhagya Subhashini
Apr 11, 2024, 08:29 PM | Updated 08:29 PM IST
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In a move set to improve India's railway infrastructure, AT Railway, a subsidiary of Amber Enterprises India Ltd., has joined forces with South Korea's Yujin Machinery Ltd. to establish a joint venture. This collaboration is aimed at designing, manufacturing, and developing critical components like driving gears, couplers, and pantographs for various rolling stock used across India's extensive railway network.
The joint venture, with AT Railway holding a majority stake, signifies a significant stride towards strengthening domestic manufacturing capabilities, aligning with the 'Make in India' and 'Atmanirbhar Bharat' initiatives championed by the Indian government. By teaming up with Yujin Machinery Ltd., AT Railway gains access to advanced technology and expertise in producing essential railway components.
The collaboration expands the offerings of the Amber Group, enhancing its contribution to the functionality of railway coaches. Sidwal, AT Railway's subsidiary, is already renowned for manufacturing HVAC systems, pantry facilities, and other components. With the inclusion of driving gears, couplers, and pantographs, the joint venture aims to cement its position as a leading manufacturer in the Indian railway sector.
The partnership holds strategic significance not only for AT Railway and the Amber Group but also for the broader Indian rolling stock infrastructure. In a sector largely dominated by multinational corporations, this collaboration emphasises the importance of indigenous design and production, supporting the government's vision of promoting local manufacturing and skill development, reports Financial Express.
The substantial budget allocation of Rs 2.55 lakh crore to the Indian Railways for fiscal 2024-25 underscores the government's commitment to modernising and expanding the railway infrastructure. With an estimated addressable market of Rs 75,000 – 80,000 crores over the next 5-6 years, the railway sub-systems sector presents significant opportunities for growth and innovation.
As the railway sector continues to evolve, initiatives like these will play a crucial role in realising the vision of a modern and self-sufficient railway ecosystem in India.
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