New Delhi: RITES Limited, a Miniratna PSU and a leading transport infrastructure consultancy and engineering company under the Ministry of Railways, has signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.
The MoU will enable RITES and SMEC to collaborate and cooperate to explore, identify, pursue, and jointly execute mutually beneficial business opportunities in the infrastructure sector. It will allow both companies to leverage each other’s expertise and technologies to optimise operations and expand on a global level.
The collaboration will facilitate knowledge sharing and the development of business proposals, including exploring consultancy opportunities arising at various government or semi-government or autonomous bodies or authorities or private entities or multilateral-funding agencies.
SMEC is a global engineering consultancy firm owned by Surbana-Jurong (SJ) Group – a global urban, infrastructure and management consulting firm.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)