Chennai: National Engineering Industries Ltd and Amsted Seals have announced a joint venture to manufacture railway bearing seals in India.
With installed capacity of two million seals per year, Amsted will be supplying products in India as well as to international markets, a statement said, adding: The JV will be a big step towards supportingthe vision of self-reliant India to set up best-in-class manufacturing infrastructure in the country.
NEI and Amsted Seals will develop a greenfield project locatedin Solitaire Industrial ParkBagru, Jaipur, Rajasthan.