Alstom aims to make Chennai its export hub to tap the metro-rail market in other subcontinent countries, including Sri Lanka and Pakistan, even as the French industrial bellwether enlists two bankers for running its transport vertical initial public offer this summer.
The transport vertical of Alstom is also keen on partnering Indian Railways by forming “strategic partnership”, if New Delhi opens up maintenance functions of railway lines to private players, according to a senior company executive. “The current volumes produced are very small but going forward, that is (making Chennai Metro facility an export hub) definitely a part of the plan,” said Henri Poupart-Lafarge, President, Alstom Transport.
Alstom Transport currently has one contract with Chennai Metro Rail and has invested over 30 million in its India operations, including a metro coach facility and a manufacturing facility at Coimbatore for signalling equipment. Poupart-Lafarge declines to talk about future investments but says India would play a “key role” in its Asian Pacific operations. “For now the market for metros is very small (including in Sri Lanka and Pakistan). But as the market opens up, we will surely be looking a at exports (from Chennai),” Poupart-Lafarge told ET in an interview.