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French engineering company Alstom will leave Russia before 2024

The French engineering giant Alstom plans to sell 20% of its stake in the Russian railcar manufacturer Transmashholding (TMH) by the end of 2023, Interfax news agency reported on Nov. 17, citing the general director of TMH, Kirill Lipa.

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India, Russia spar over control of rail joint venture for making 120 Vande Bharat trains

A Note Verbale was then sent by the trade representative of the Russian Federation to the Indian government of India on 8 May asking it to direct RVNL to stick to the original contract

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India to Sign $6.5 Billion Deal with Russian Firm for 120 Vande Bharat Express Trains

Incidentally, the development of these semi-high speed trains is funded by the government's ambitious 'Make in India' initiative.

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