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Rail Vikas Nigam Expands Internationally with New Subsidiary in Uzbekistan

August 03, 2024 2 min read
author Anamika Mishra, Sub Editor
Rail Vikas Nigam has established a subsidiary firm called "Rail Vikas Nigam LLC" in Uzbekistan in an attempt to increase its market share abroad. After winning its first foreign project in the Maldives, the Navratna firm has been actively bidding on worldwide projects. In a recent conference call, Rail Vikas Nigam's Director of Operations, Rajesh Prasad, reported that the company has participated in 142 bids for the fiscal year FY 2023–24, bringing the total number of bids made up to March to 286 at a cost of over Rs 1.5 lakh crore. And we've supported a ton of projects. There is a success rate above twenty percent. In the foreign market,

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