JP Chowdhary CEO, CIMMCO believes with easing of the policy and changing the terminology from ‘state-of-art‘ to ‘modern technologies‘, is likely to pave way for the already interested investors to come in.
Cimmco, which is now a subsidiary of the Titagarh group with the latter holding a 75 percent stake in the company, has been bidding aggressively for defence orders.
Umesh Choudhary, Managing Director of Titagarh Wagns, in an exclusive interview with CNBC-TV18 says that going by the overall demand for wagons in the sector, he expects robust growth for the topline and bottomline in FY12.