Skoda eyes expansion,wants to set up Metro coach unit in India

Tags: News
Czechoslovakia-based automobile major Skoda is looking to expand presence in India and exploring possibilities for setting up a manufacturing unit for Metro coaches in the country.

The Czech Ambassador in India Miloslav Stasek said this at an interaction with engineering exporters' body EEPC India.

"Skoda Transportation is exploring different locations (for the metro coach facility) and is close to making a decision," Stasek said, according to a release by EEPC India.

"Skoda is already supplying coaches to Delhi Metro, but would like to manufacture them within India as several Indian cities like Jaipur, Cochin, Bangalore, Lucknow and Mumbai have embarked upon the metro projects," Stasek added.

He said the Czech integrated transport companies which are very strong in the railways sector, would aggressively participate in some of the upcoming projects in India like the High Speed Railway Corridor.

"India is moving in this direction and we are in discussion with the Railway Board with offer of strategic partnership," Stasek said.

On dealings with Indian and Chinese suppliers, the Ambassador said: "For us, India is a traditional market. We have a history of relationship. There are no language barriers. China is quite different with language being a problem."

Expressing high hopes from the new Indian government, to be in place after mid-May following the general elections, Stasek said Czech investors would expect a lot more clarity in the area of taxes, and other policies.

"We want to achieve the $ 2 billion trade target with India in 2015 and increase mutual investments in the areas of science and technology besides the engineering industry," he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Scientific and field level know-how

Recently addressing the scientists of the Indian Council of Agricultural ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture