Godrej & Boyce, Renmakch Partners To Develop Value Chain For Indian Railways
Godrej & Boyce, the flagship company of the Godrej Group, has announced that its business Godrej Tooling has partnered with Renmakch, to collaborate on Machinery & Plant (M&P) projects for Railways and Metro Rail.
With this alliance, Godrej & Boyce will now be able to offer a complete value chain ranging from design to build for the Railways and also bid on larger projects. The Company has been a partner of the Indian Railways for over 15 years.
Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment. The collaboration will introduce the latest technology for the Rail industry from Europe and other developed countries and indigenise it for India.
Godrej Tooling and Renmakch will have ten years of partnership.
With the Indian Railways announcing their plans to invest in new generation trains such as Vande Bharat and subsequently new workshops and depots, Godrej & Boyce aims to harness this opportunity by offering a turnkey solution to the Indian Railways. This will not just fuel India’s self-reliance but also improve the speed, quality, and safety of railway and metro coaches during maintenance. The Company expects to acquire a 20-30 per cent market share in this sector over the next 5 years.
Godrej Tooling supplies jigs & fixtures, automation solutions, and workshop equipment for Railway workshops & Metro depots.
