RailTel signs MoU with InoviTel and Tsiko Africa for Strategic Collaborations
The scope of this MOU covers activation and commercialisation of dark fibre along the Railway lines and High voltage Transmission lines in South Africa.
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RailTel Corporation of India Ltd (RailTel), a Mini Ratna CPSE under Ministry of Railways, Government of India has signed a Tripartite MOU with InoviTel (PTY) LTD and Tsiko Africa Energy & Infrastructure for Tsiko Group to cooperate and collaborate on projects so as to bring Indian technology, innovation and products to South Africa and the adjoining region and explore opportunities in Telecom, Railways and other IT/ICT businesses in South Africa.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe scope of this MOU covers activation and commercialisation of dark fibre along the Railway lines and High voltage Transmission lines in South Africa. It also covers Railway Signal & Telecommunication solutions, Digital twin Modelling of Railway assets for predictive maintenance and Traffic simulation, OFC based Distributed Acoustic System (DAS) etc. for public and private Rail operators within South Africa, connectivity solution to SA connect/Railway and private business fibre network operators, IT/ICT/Digitalization Solutions for Digital Transformation of South Africa.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe MoU was signed on 24.04.2024 at Pretoria, South Africa in the presence of Sh. Prabhat Kumar, High Commissioner of India to South Africa and Sh. MaheshKumar, Consul General of India, Johannesburg. Sh. Parag Kumar Goyal, Principal Executive Director/Enterprise Business, RailTel exchanged the MOU with Chief ExecutiveOfficer InoviTel (PTY) LTD Mr Lavine Singh and Chief Executive Officer TsikoAfricaEnergy and Infrastructure (Pty) Ltd. Mr Pragasen Naidoo.
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