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E-mail ID will not be published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

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

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

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture