Indian Railways and Sweden to work together in rail sectorStaff writer ▼ | February 18, 2016
A Memorandum of Understanding (MoU) was signed between the Indian Railways and the Ministry of Enterprise and Innovation of Sweden on technical cooperation in rail sector.
Cooperation in transport India-Sweden MoU will remain in force for 5 years
Exchange of knowledge, technical expertise, innovation, technology, sustainable solutions and research are some other areas where both countries have agreed to work in rail sector.
The official said MoU is to develop cooperation activities in the Railway area to promote efficiency and sustainability and achieve concrete results with regard to bilateral trade, investment, research and technology transfer.
MoU will remain in force for 5 years from the date of signing. It can be extended for a further period of five years with the written consent of both sides. ■