BEML is reportedly planning on exporting Vande Bharat and Metro train coaches.
What Happened: BEML is looking to penetrate the international market with its high-speed Vande Bharat trains and Metro trains, Shantanu Roy, BEML’s Chairman told the Economic Times. This initiative is part of the company’s wider plan to diversify its business and amplify its global presence.
BEML, a prominent manufacturer of rail coaches and spare parts in India, has played a significant role in the manufacturing of the Vande Bharat trains, which are India’s first semi-high-speed, self-propelled trains. The company also holds a substantial stake in the production of Metro trains in the country.
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The decision to export these trains underlines the company’s faith in its products and its aspiration to carve a robust presence in the global rail industry. Roy said the company plans to have exports contribute 10% to the company’s topline from present 4%.
BEML works in three segments which include mining and construction, defence and rail and metro.
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