Source: https://www.metrorailnews.in/amber-enterprises-and-yujin-machinery-enter-jv-advancing-indias-railway-infrastructure/
Publisher: Metro Rail News
NEW DELHI (Metro Rail News): Amber Enterprises India Limited announces a joint venture between AT Railway Sub Systems Private Limited (AT Railway) and South Korea’s Yujin Machinery Ltd. (Yujin). This collaboration aims to design, manufacture, and develop Driving Gears, Couplers, and Pantographs for rolling stock, including high-speed and metro trains, regional rapid transit systems, Vande Bharat trains, wagons, trams, and other Indian Railway products. AT Railway will have a majority stake in the joint venture.
A key element of this joint venture is that it will pave the way for acquiring the necessary technical know-how for the manufacturing of driving gears, couplers, and pantographs in India. This is in line with Amber Group’s consistent strategy of increasing the wallet share per coach.
Sidwal, a 100% holding company of AT Railway, is one of the leading companies in the manufacturing of HVAC, Pantry, Doors, and Gangways for Rolling Stock. With the addition of driving gears, couplers, and pantographs, the Amber Group will further enhance its wallet share in each coach, which is in line with Amber Group’s strategy.
This is a significant development not just for Sidwal and the Amber Group but for the entire Indian Rolling Stock infrastructure space. In a field currently dominated by MNCs, today’s development will help advance the ‘Make in India’ and ‘Atmanirbhar Bharat’ economic philosophy espoused by the Government of India in this crucial railway infrastructure space and will bolster domestic design and manufacturing capacity.
A Spokesperson from Amber Enterprises India Ltd.
Speaking on this latest joint venture, the spokesperson said, “We are thrilled to join forces with Yujin through this joint venture, combining our strengths to become a leading manufacturer of critical rolling stock components like driving gears, couplers, and pantographs for India’s rapidly expanding railway ecosystem. This strategic partnership aligns perfectly with our vision of contributing to the Atmanirbhar Bharat and Make in India initiatives. With substantial investments planned and access to cutting-edge technology from our Korean partners, we are well positioned to capture a significant share of the lucrative railway rolling stock market while fostering an ecosystem for indigenous manufacturing, job creation, and skill development.”
Railway Infrastructure Boost
The government’s emphasis on upgrading railway infrastructure is evident in the recent interim budget, which allocated a record Rs 2.55 lakh crore to Indian Railways for fiscal 2024-25, marking a 5.8% increase from the previous year. This underscores the government’s focus on the railway industry. Against this backdrop, the addressable market for railway sub-systems in India is estimated to be around NR 75,000 – 80,000 crores over the next 5-6 years.
Yujin Machinery Ltd. & AT Railway
YUJIN Machinery Ltd. founded in 1972 and headquartered in South Korea is world-class company equipped with top-level technology and quality for manufacturing of Brake Systems (Brake Operating Unit, Air Supply Unit, and Bogie Brake), Couplers, Driving Gears, Pantographs and Door control systems for Rolling stock.
Meanwhile, AT Railway Sub Systems Private Limited, a subsidiary of Sidwal Refrigeration Industries Private Limited and wholly owned by Amber Enterprises India Limited, focuses on developing and manufacturing railway components and sub-systems.
