Texmaco JV to invest Rs 1800 crore in rail car leasing

Texmaco, a company in India, is teaming up with another company to invest a lot of money (Rs 1800 crore) in a new way to transport goods by train.

This is called rail car leasing.

The idea is to make train transport more modern, efficient, and cheaper.

The Indian government has plans to increase the amount of goods transported by train from 27% to 45%.

This new partnership will help make that happen by bringing in new technology and expertise.

It's like renting out train cars to companies that need to move goods, making the whole process faster and better.

This is part of India's bigger plan to improve its infrastructure and economy.