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After Çelebi, RVNL Plans to Cut Tumas Tie
Hindustan Times Bengaluru
|May 26, 2025
India's Rail Vikas Nigam Ltd (RVNL) may end its year-old agreement with Turkish engineering firm Tumas after their partnership failed to make progress, two people aware of the matter said.
NEW DELHI: The state-run company may now look for partners from other countries to replace Tumas.
RVNL and Tumas India Pvt. Ltd had tied up in April 2024 to collaborate on infrastructure projects in India, particularly in public transport.
The pact aimed at fostering partnership and cooperation in infrastructure projects, including railways, metros, and related areas.
"RVNL may put the memorandum of agreement in abeyance, and nix it completely later, as it had made no progress since being signed a year back. The company will evaluate whether such partnership itself is required now, as similar collaborations are being pursued with a few other key countries also in line with company's aggressive global expansion push," one of the two people cited above said on the condition of anonymity.
This story is from the May 26, 2025 edition of Hindustan Times Bengaluru.
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