A rail equipment making company in Germany that is owned by a businessman in Bengal will send a team to the state soon to scout options to set up a unit to make sleepers.
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Further Information:
1. PCM Rail.One AG, owned by the Siliguri-based PCM Group of Industries,...
more... has footprint across a number of countries, including the US.
2. Kamal Kumar Mittal, the chairman of the supervisory board of PCM Rail.One, said that during the chief minister's visit to Germany this month representatives of PCM Rail.One AG were also there.
3. He said: "After the meeting, Jochen Riepl, the CEO of PCM Rail.One AG, announced that it would set up an industrial unit in Bengal to make composite railway sleepers.
4. The investment will be from Germany while the employees will be the skilled workers from Bengal."
5. The PCM group took over Rail.One in 2013.
6. Mittal said a tentative estimate of the investment would be Rs 250 crore.
7. Senior officials of the company are in the process of preparing the detailed project report. Once ready, they will be here for a recce to visit and select the location for setting up the factory.