Drawn to India by an explosion in metro-rail projects, Alstom SA and Bombardier Inc are now poised to use the nation known for being the world’s back-office as a manufacturing export hub.
The French and Canadian multinationals set up manufacturing and engineering operations between 2008 and 2010 to tap into India’s rapidly-growing urban transportation market and will now export to Australia, the Middle East and Asia from these facilities, company officials said. PricewaterhouseCoopers estimates total investments in subway projects will reach $230 billion in Asia over the next 15 years. Read More…
Credit By: Live Mint
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