IBEF: May 11, 2016
New Delhi: Bombardier Transportation, the global leader in railway technology, is expecting to generate US$700 million - US$1 billion from its business in India in the next five years, based on Government of India's thrust to boost infrastructure in the country. As per Mr Laurent Troger, president of Bombardier Transportation, the investment climate in India now is very favourable. The company has invested over US$ 100 million in India. It is the largest supplier to the Delhi Metro, and considers India among top markets for its railway business. As per Mr Troger, although the company’s current business in India is small, the company plans to grow it significantly in the coming years.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.