New Delhi, September 16
State-run engineering agency BHEL on Wednesday introduced its tie-up with SwissRapide AG to carry Maglev trains (magnetic levitation) to India.
Aimed at increasing its footprint within the city transportation sector as a part of its diversification initiatives, BHEL has entered right into a memorandum of understanding (MoU) with SwissRapide AG for Maglev Train initiatives in India, an organization assertion stated.
The Maglev Rail system hovers within the air as an alternative of rolling, as a result of magnetic levitation, thus the automobiles haven’t any bodily contact with the guideway. This allows the system to be extremely energy- environment friendly, permits working speeds of simply as much as 500 km/h and considerably reduces the full value of system possession.
The MoU was signed by SV Srinivasan, GM & Head (Transportation Business Group), BHEL, and Niklaus H Koenig, president and CEO, SwissRapide AG.
The settlement has been signed within the backdrop of the Prime Minister’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives, and can allow BHEL to carry the most recent, world-class know-how to India and manufacture state-of-the-art Maglev trains indigenously.
The MoU units out the muse to cooperate and discover mutually useful enterprise alternatives, and to utilise each the businesses’ inherent capabilities, expertise, information and property, with respect to the scope of Maglev Train initiatives in India.
The SwissRapide AG is specialised within the promotion, venture administration, planning, designing and commissioning of worldwide Maglev Rail initiatives. — PTI