Railways renews MoU with Switzerland for technical cooperation

30 Oct 2024 CW Team

The Railways renewed a memorandum of understanding (MoU) with the Federal Department of Environment, Transport, Energy and Communications (DETEC) of the Swiss Confederation to enhance technical cooperation between the two nations, an official statement said. The MoU, renewed and formalised through video conferencing, received approval from the ministries of Railways and External Affairs, it said.

Addressing the MoU signing ceremony, Union Railways Minister Ashwini Vaishnaw said it will provide a comprehensive framework for collaboration to the Indian Railways in various areas, including technology sharing, track maintenance, management and construction, according to the statement issued by the Ministry of Railways said. This MoU also aligns with the government's commitment to modernise the Indian Railways, Vaishnaw said. Federal Councillor and Head of the Federal DETEC Albert Roesti said Switzerland's advanced railway technology will benefit the Indian Railways by improving operational efficiency, safety standards, service quality and railways infrastructure development.

The original MoU, signed on August 31, 2017, was valid for five years and focused on several key areas of collaboration such as traction rolling stock, Electric Multiple Units (EMU) and train sets, freight and passenger cars and tilting trains, the statement said.

"This partnership is set to enhance the efficiency and reliability of railway services in India, ultimately benefiting passengers and freight operations alike. Notable Swiss companies will supply machinery, materials and tunneling consultancy services," it said.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..