JSA advises Talgo to form joint venture with Bharat Forge Infrastructure Limited to manufacture high-speed passenger trains in the Indian Railways sector
India, 29 July 2022: JSA advised Patentes Talgo SLU (Talgo Spain) and its wholly owned subsidiary Talgo India Private Limited in its joint venture with Bharat Forge Infrastructure Limited to set up a joint venture (JV) which will engage in manufacturing high-speed passenger trains in the Indian Railways sector.
The collaboration is significant as it comes amidst the backdrop of the Ministry of Railways (MoR) tender for the manufacturing and maintenance of 100 new generation light weight energy-efficient trains.
The JV is expected to address upcoming large business opportunities in the Indian railways sector and tap the expanding domestic requirements within the Make in India programme, as well as, the push towards energy efficient and environmentally friendly technologies. The JV will focus on setting-up manufacturing, maintenance, and life cycle support hub for new generation, energy efficient, lightweight aluminium high-speed railway trains.
Talgo is a wholly owned subsidiary of Spain-based world-leading high-speed passenger train manufacturer i.e., Patentes Talgo SLU with more than 75 years of experience in the design, manufacturing, and maintenance of trains. Talgo trains come with unique technology that provides cost-effective operation to the operator due to its lightweight design.
Commenting on the Joint Venture, the lead Partner Vishnu Sudarsan said “This deal is a significant step towards achieving the self-reliance vision and goals of the ongoing Government of India’s initiative – Make in India | Atmanirbhar Bharat. We are delighted to be involved in one of the first JVs of the kind in the railways sector which will make available state-of-the-art, high-speed rail technology and solutions to the Indian Railways and other private operators.”
JSA team comprised Lead Partner – Vishnu Sudarsan, Partner – Shashank Singh, Partner – Sugandha Somani Gopal, Of-Counsel – Gitanjali Balkrishna , and Junior Associate –Asmita Maan.
JSA taxation support team comprised Partner & Head of Practice Direct Tax – Kumarmanglam Vijay, Partner & Head of Practice Indirect Tax – Manish Mishra, Senior Associate – Divyam Mittal and Shikha Parmar, and Associate – Shiv Singhal.
About JSA: JSA is a leading national law firm in India with over 370+ professionals operating out of seven offices across India, including Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai and New Delhi. The Firm’s practice organised along service lines and sector specialisation caters to top Indian corporates, Fortune 500 companies, multinational banks and financial institutions, governmental and statutory authorities, and multilateral and bilateral institutions. JSA is recognised as the Indian law firm that led and continues to lead a paradigm shift towards institutionalising and professionalising law firm ownership and management in India.