It will also bid for Metro rail contracts in Nagpur, Pune, Bengaluru and Chennai, beside expansion of a line in Delhi.
Its chief country representative, Harsh Dhingra, told Business Standard: “We are pursuing our plan to increase (annual) revenue from the India business to $1 billion in the next five years from the present level of $300 million. Basically, we are looking at two areas, railways and Metros (meaning Metro rail projects). We have already set up factories in India.'' He noted there were metro rail plans for all cities with a population over two million.
"We are keen to tap opportunities to supply rolling stock and signalling for Metro services, and new types of rolling stock and signalling to Indian Railways (IR). The opportunities are great,'' he said.
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