- The joint venture Kyrgyzindustry-RVNL will be a Closed Joint Stock Company (CJSC), i.e. it will not be entitled to conduct an open subscription for shares issued by it.
- As per the agreement, RVNL will own 50% of the share and the rest 50% will be held by Kyrgyzindustry.
- The primary of this joint venture will be to construct rail, road, and other infrastructure projects in Kyrgyzstan.
- The partnership will enable RVNL to fast-track the development and expansion of the rail network in the Central Asian country.
- RVNL is a Government of India-owned Category-I Miniratna that was established in 2003 with its headquarters in New Delhi. The current Chairperson of the company is Pradeep Gaur.
Question:
Q.1 Recently Rail Vikas Nigam Ltd (RVNL) formed a joint venture with?a. Deutsche Bahn
b. Canadian National Railway
c. CSX Transportation
d. Kyrgyzindustry
