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GATX enters Indian wagon leasing market

22 May 2012

INDIA: Via its GATX India subsidiary, Chicago-based wagon leasing firm GATX Corp has entered the Indian market with the purchase of 10 rakes of 45 container wagons. They will be leased to Arshiya Rail Infrastructure for 10 years.

'We are pleased to be the first leasing company registered under Indian Railways' Wagon Leasing Scheme', said GATX Corp President & CEO Brian A Kenney on May 22. 'We believe rail wagon leasing in India will provide an attractive growth opportunity for GATX'.