Indonesia hopes to expand rolling stock market to Mexico

Jakarta (ANTARA News) – Indonesia hopes to expand the market of its rolling stock products in Mexico, which is one of the countries relying much on railway for domestic transport.

The Indonesian embassy in Mexico City has held a business meeting between the state-owned rolling stock company PT INKA and the Mexican Association of railway Transport (AMF).

Also taking part in the business meeting on Sept 25, were PT Barata Indonesia, a state-owned engineering procurement and construction (EPC) company.

Director General of AMF Iker de Luisa Palazas said he welcome and appreciated the initiative of PT INKA and PT Barata Indonesia to visit Mexico to see opportunity in the Mexican railway market.

AMF members studies INKAs offer of railway products. AMF members are companies operating in railway sector and related business such as transport, infrastructure, finance and suppliers.

AMF Director General Iker de Luisa Palazas said currently Mexico is one of 10 largest countries in railway transport in the world.

He said Mexico will rely more on railway for domestic public transport by continuing expanding its railway networks.

Indonesian Ambassador to Mexico Yusra Khan said he hopes the two countries would expand cooperation in the development of railway sector.

He said PT INKA and PT Barata Indonesia could study opportunity of cooperation in building railway projects in Mexico.

INKA and Barata showed their products at the meeting including locomotive, power generators , boogie reefer, container coaches and spare parts.

The products have been used by Bangladesh, Malaysia, Thailand, and the Philippines after winning international tenders.

Mexico is strategic as a stepping stone for the program to expand export market to the north and south of the American continent.

Source: ANTARA News