AT Railway forms strategic Joint Venture with Yujin Machinery Ltd

New Delhi, India (Metro Rail Today): AT Railway Sub Systems Private Limited, a subsidiary of Sidwal Refrigeration Industries Private Limited, wholly owned by Amber Enterprises India Limited, has entered into a strategic joint venture with South Korea's Yujin Machinery Ltd. This collaboration aims to design, manufacture, and develop critical railway subsystems such as Driving Gears, Couplers, and Pantographs for various rolling stock applications, including high-speed trains, metro systems, regional rapid transit, Vande Bharat trains, wagons, trams, and other products within the Indian Railway sector. Notably, AT Railway will hold a majority stake in the joint venture.

The partnership with Yujin Machinery Ltd. signifies a significant step towards acquiring essential technical expertise for manufacturing driving gears, couplers, and pantographs in India. This strategic move aligns with the Amber Group's ongoing strategy of enhancing the wallet share per coach within the railway ecosystem. Sidwal, a subsidiary of AT Railway, is renowned for manufacturing HVAC, Pantry, Doors, and Gangways for rolling stock. With the addition of driving gears, couplers, and pantographs, the Amber Group aims to further augment its share within each coach, consistent with its overarching strategy.

This collaboration bears immense significance for Sidwal, the Amber Group, and the broader Indian Rolling Stock infrastructure sector. In an industry traditionally dominated by multinational corporations, this joint venture underscores a commitment to India's 'Make in India' and 'Atmanirbhar Bharat' initiatives, championed by the Government of India. By fostering domestic design and manufacturing capabilities, this endeavor aims to contribute significantly to the indigenous development and growth of the railway infrastructure space.

A spokesperson from Amber Enterprises India Ltd. expressed enthusiasm regarding the joint venture, stating, "We are excited to partner with Yujin through this joint venture, leveraging our combined strengths to emerge as a leading manufacturer of critical rolling stock components. This strategic alliance aligns seamlessly with our vision of supporting Atmanirbhar Bharat and Make in India initiatives. With substantial investments planned and access to cutting-edge technology from our Korean partners, we are poised to capture a significant share of the railway rolling stock market while nurturing an ecosystem for indigenous manufacturing, job creation, and skill development."

The Government's commitment to upgrading railway infrastructure is underscored by the significant allocation of funds in the recent interim budget, highlighting the importance placed on the railway industry. With an estimated addressable market of INR 75,000 – 80,000 crores over the next 5-6 years, the railway sub-system sector in India presents substantial growth opportunities.

Founded in 1972 and headquartered in South Korea, Yujin Machinery Ltd. boasts world-class expertise in manufacturing Brake Systems, Couplers, Driving Gears, Pantographs, and Door control systems for rolling stock. With a focus on research and development, Yujin has established itself as a leader in the railway industry, equipped with top-level technology and quality production capabilities.

AT Railway, a subsidiary of Sidwal Refrigeration Industries Private Limited, is dedicated to providing railway components and sub-systems for the rolling stock industry in India and overseas markets, contributing to the advancement of the railway sector's indigenous capabilities.

This collaboration between AT Railway and Yujin Machinery Ltd. marks a significant milestone in India's railway infrastructure development journey, fostering technological innovation, and promoting self-reliance in critical railway subsystems.