Adventz Groups Texmaco signs $2 bn MoU for Israel light rail
The Dollar Business Bureau Indian conglomerate Adventz Group said on Tuesday that it has signed a $2 billion-plus MoU with the Israeli construction and development company Lesico Group to collaborate in the light rail transit (LRT) projects in Jerusalem and Tel Aviv. The announcement came in the backdrop of a top-level Indian political and business delegation led by Prime Minister Narendra Modi visiting the Jewish nation currently. The historic visit – first time for any Indian Prime Minister – is being seen as a watermark in deepening economic and trade relationships between New Delhi and Tel Aviv. “The memorandum of understanding (MoU) between Lesico with Adventz Group will be a first for an Indian conglomerate with group company Texmaco Rail & Engineering Limited, which ...
