India-Russia train deal back on track after dispute resolved ...News

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India-Russia train deal back on track after dispute resolved
Moscow and New Delhi have resolved a dispute over a joint venture worth an estimated $6 billion to build and maintain 120 trains for India’s ambitious Vande Bharat Express rail service, it was reported on Wednesday. The joint venture involves India’s government-owned Rail Vikas Nigam Limited (RVNL), publicly traded company, and  Metrowagonmash – part of Transmashholding, Russia’s largest rail manufacturer – to build semi-high-speed Vande Bharat trains. The project is back on track after contractual disputes were resolved, Indian media reported.   The venture was formed last year to bid for the Vande Bharat tender, with Metrowagonmash receivi

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