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The railway transportation sector, which comprises all types of vehicles that may travel by train, uses rolling stocks. The rolling stock industry includes powered locomotives, unpowered freight waggons, passenger coaches, and other automobiles. It is crucial for providing passengers with safe, dependable, and affordable long-distance transportation as well as for moving commodities. In addition, it is simple to modify to the precise needs of the customer and offers a higher carrying capacity than traditional modes of transportation.
The Iran rolling stock market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
In order to collaborate on the finance and production of 500 coaches in Iran, the Industrial Development & Renovation Organisation of Iran and the Russian rolling stock manufacturing company Transmashholding have agreed a joint venture agreement.
Wagon Pars, a manufacturer of rolling stock, and its subsidiaries have been acquired by MAPNA Group. In keeping with its objective to broaden and diversify its offerings in the rail industry and take a more active part in Iran’s rail sector megaprojects.
A deal was inked by two Indian companies and the Iranian Industrial Development and Renovation Organization to finance the establishment of a rolling stock manufacturing business. In the presence of IDRO Chairman Mansour Moazzami, the deal was signed on Wednesday in Tehran.
The project to create a rolling stock testing laboratory will facilitate the introduction of new train fleets on the nation’s expanding railway network, and Iranian Islamic Republic Railways has hired Italcertifer, an Italian company, to provide technical assistance.
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