RZD Holding and Ircon International (India) agree on cooperation
RZD International, a subsidiary of Russian Railways, and IrconInternational Limited (IRCON), a subsidiary of Indian Railways, have signed a memorandum of understanding. The document was signed by the acting CEO of RZD International Sergey Stolyarov and the Managing Director of Business Development at IRCON Parag Verma.
According to the memorandum, the parties will lay the foundations for mutually beneficial cooperation with a view to identifying, developing and implementing complex infrastructure projects in the field of railway transport in the Republic of India and third countries.
The parties agreed to form a joint Russian-Indian working groupto work on promising projects.