Rail Vikas Nigam Expands Internationally with New Subsidiary in Uzbekistan

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, we have also made bids in Bangladesh, the Maldives, Sri Lanka, the United Arab Emirates, Oman, Rwanda, Uzbekistan, Saudi Arabia, and Nepal. Thus, we're attempting to leave more of a trace," he stated.

He went on to say that the business has also sent an expression of interest to the Namibia Trans Kalhari project team and Botswana Railways. "We're attempting to leave more footprints. We have already established foreign offices in the Maldives, Oman, South Africa, and the United Arab Emirates. We hope to expand our footprint in the future. Additionally, we are eager to expand the order book. The order book at this time is about 85,000 crore," he continued.