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India signs MoU with South Korea for Rail Modernisation

Seoul, Nov 17: In a significant development, the Indian Railways Ministry on Monday signed a MoU with the South Korean Ministry of Land Infrastructure and Transport (MOLIT) on technical cooperation here.

The MoU was signed by Railway Board Chairman Arunendra Kumar and MOLIT vice minister Yeo Hyung Koo. As per the pact, the two nations will cooperate in areas of high speed rail, modernisation of rolling stock, railway operations, modernisation of signalling, construction and maintenance technologies and in development of logistics parks/terminals.

The move is a step ahead for development of railways that need modernisation to serve the people providing all the facilities and hi tech systems.

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