Latest News | DP World, DPA, Nevomo Ink Pact to Explore Autonomous Magnetic Rail Freight Movement in India
Get latest articles and stories on Latest News at LatestLY. DP World, Deendayal Port Authority (DPA) and Nevomo have signed an agreement to explore autonomous magnetic rail freight movement in the country, according to a statement on Tuesday.
New Delhi, Jul 15 (PTI) DP World, Deendayal Port Authority (DPA) and Nevomo have signed an agreement to explore autonomous magnetic rail freight movement in the country, according to a statement on Tuesday.
The pact will help the companies to explore opportunities for development of a pilot project using Nevomo's MagRail proprietary technology for the self-propelled movement of rail-based cargo and freight within the existing port ecosystems, DP World said in the statement.
A Memorandum of Understanding (MoU) in this regard was signed by Sushil Kumar Singh, Chairman of Deendayal Port Authority (DPA), Rizwan Soomar, CEO & Managing Director, Middle East, North Africa, India Subcontinent, DP World, and Przemek (Ben) Paczek CEO Nevomo Group BV.
The MoU sets the framework for a 750-metre pilot project of MagRail technology at Deendayal Port, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)