Texmaco, RVNL ink JV to boost global rail mfg and Infra
The venture will focus on localising technology and supply chains, and developing export-ready platforms that meet strict global standards.
Texmaco Rail & Engineering and Rail Vikas Nigam (RVNL) have signed a joint venture (JV) agreement to bolster domestic rail manufacturing capabilities and establish India as a premier global provider of end-to-end infrastructure solutions.
Under the terms of the agreement, RVNL will retain majority ownership of the venture, with Texmaco holding a 49% stake. This structure aims to seamlessly blend the execution depth of the public sector with the manufacturing agility of the private sector.
The newly formed JV will focus heavily on advanced rolling stock segments, lifecycle maintenance, and asset management solutions. Additionally, it will undertake large-scale engineering, procurement, and construction (EPC) and turnkey infrastructure projects across both Indian and overseas markets.
Saleem Ahmad, Chairman & Managing Director of Texmaco Rail & Engineering said, “This JV is not merely a corporate collaboration but a strategic platform for national infrastructure advancement. It will unlock long-term value through scale, technology adoption, and global project participation.”
According to a press release, the venture will prioritise technology indigenisation, supply chain localisation, and the development of export-ready platforms that meet stringent international safety and performance standards.
The JV is projected to generate large-scale industrial activity, bolster domestic MSME ecosystems, and create thousands of skilled jobs across India’s manufacturing corridors.
Furthermore, the partnership is committed to embedding sustainability practices into its operations, including the integration of renewable energy and circular production systems.
Indrajit Mookerjee, Vice Chairman & Executive Director of Texmaco Rail & Engineering said, “This partnership represents a transformational step in building globally competitive rail capabilities from India. By aligning manufacturing excellence with execution expertise, we are creating a platform that can deliver integrated rail solutions for both national priorities and international markets.”
The partnership will actively pursue integrated rail manufacturing and infrastructure contracts across Asia, Africa, and the Middle East. By combining engineering innovation with cost competitiveness and global-standard quality, the JV aims to reinforce India’s standing among the world’s leading providers of end-to-end rail solutions.