Texmaco Rail & Engineering and Rail Vikas Nigam Ltd (RVNL) have joined forces to set up a joint venture aimed at modernising rail infrastructure and boosting exports. The partnership is expected to transform the landscape of passenger and freight mobility while aligning with the government’s Make in India and green mobility agenda.
The joint venture, where RVNL will retain majority ownership and Texmaco will hold 49 per cent, will focus on manufacturing next-generation wagons, locomotives, coaches, metro systems, and trainsets. Beyond manufacturing, the entity is expected to expand into EPC projects, depot operations, and international tenders, making it a comprehensive solution provider in the global railway space. The transaction is slated for completion by December 2025, subject to necessary regulatory approvals. Industry observers suggest that the venture will not only enhance domestic production but also elevate India’s competitiveness in global rolling stock markets.
What sets the collaboration apart is its commitment to sustainable and technologically advanced solutions. The partners have announced their intent to integrate automation, artificial intelligence, and eco-friendly technologies into manufacturing and operations. This focus is in line with India’s goal of achieving net-zero carbon mobility by 2070, a target that experts argue requires bold innovation in mass transit systems. Texmaco, with its extensive manufacturing base across West Bengal, Gujarat, and Chhattisgarh, already has a track record of supplying freight cars to Indian Railways and international clients. Its existing global partnerships with industry leaders provide a strong foundation for scaling up exports under the new venture. RVNL, a Navratna public sector enterprise, brings decades of expertise in project execution and infrastructure delivery. Together, they are positioned to deliver world-class railway systems that can meet both domestic demand and international standards.
Officials associated with the deal noted that the collaboration has the potential to redefine India’s role in the global railway value chain. The project also dovetails with Atmanirbhar Bharat, by reducing import dependence and encouraging indigenous innovation. Furthermore, it offers an opportunity to align railway development with climate resilience, by embedding sustainable engineering practices into large-scale infrastructure projects. Industry experts believe this venture could also create ripple effects across India’s broader manufacturing ecosystem. With demand for metro coaches, freight corridors, and modern passenger systems set to rise sharply, the partnership is expected to generate fresh employment opportunities, foster skills development, and support ancillary industries.
While the success of the venture will depend on execution and regulatory clearances, its intent signals a major stride towards sustainable, technology-driven rail infrastructure. For India, which is working to cut emissions and position itself as a global export hub, this collaboration marks an important milestone in the transition towards eco-friendly and future-ready mobility.
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