a little more info from: http://www.indiadaily.com/editorial/9696.asp
Composite parts maker Quickstep Holdings Ltd has formed a joint venture targeting the growing Indian market, eying a $US4.2 million contract to help build new rail coaches.
Quickstep has partnered with New Delhi-based NTF (India) Private Ltd and Japan-based Avanti Corporation to manufacture rail cars.
Quickstep will have 44 per cent of the company and will supply one of its QS20 production machines later this year, with production due to start towards the end of the year.
Quickstep chief executive Nick Noble said the joint venture had submitted a bid for a new rail car contract.
"The joint venture partners have already had very encouraging discussions with a number of key potential customers in the mass transit sector," Mr Noble said.
QHL Price at posting:
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