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of <h1>Rail Manufacturer Launches Strategic Joint Venture to Boost Domestic Wheelset Production and Reduce Import Dependence</h1> A rail manufacturing company entered the forged wheelset production through a joint venture to address supply shortages in India's railway sector. The strategic move aims to reduce import dependence, enhance domestic manufacturing capabilities, and support national self-reliance initiatives. The company plans to initially serve Indian Railways and Metro corporations, with potential for global wheelset supply. The venture is expected to improve production timelines and provide better cost and quality control.
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