JSA advised Patentes Talgo SLU (Talgo Spain) and its wholly owned subsidiary Talgo India Private Limited in its joint venture with Bharat Forge Infrastructure Limited to set up a joint venture (JV) which will engage in manufacturing high-speed passenger trains in the Indian Railways sector.
The JV will engage in manufacturing high-speed passenger trains. The JV is expected to address in future large business opportunities in the Indian Railways sector and tap the upcoming domestic requirements in the field.
The JV will also focus on setting-up manufacturing, maintenance, and life cycle support hub for new generation, energy efficient, lightweight aluminium high-speed railway trains. The collaboration has been strategized amidst the backdrop of the Ministry of Railways (MoR) tender for the manufacturing and maintenance of 100 new generation light weight energy-efficient trains.
Talgo is a wholly owned subsidiary of Spain-based world-leading high-speed passenger train manufacturer i.e., Patentes Talgo SLU with more than 75 years of experience in the design, manufacturing, and maintenance of trains. Talgo trains come with unique technology that provides cost-effective operation to the operator due to its lightweight design.
JSA team comprised Lead Partner – Vishnu Sudarsan, Partner – Shashank Singh, Partner – Sugandha Somani Gopal, Of-Counsel – Gitanjali Balkrishna , and Junior Associate – Asmita Maan.
JSA taxation support team comprised Partner & Head of Practice Direct Tax – Kumarmanglam Vijay, Partner & Head of Practice Indirect Tax – Manish Mishra, Senior Associate – Divyam Mittal and Shikha Parmar, and Associate – Shiv Singhal.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.
Shashank is a part of the Corporate practice group of JSA and specializes in investments and acquisitions in the Energy, Infrastructure, Transport, Telecom and Broadcasting space.
Shikha has over 10 years of diverse professional experience in handling Indirect tax, audit, accounts and general corporate financial affairs of various clients.
Sugandha’s has over 14 years of work experience in all aspects of legal, regulatory, policy, commercial, strategy and compliance related issues arising in power projects, infrastructure projects including public procurement and public private partnership projects, green hydrogen, carbon markets, electric vehicles, charging infrastructure and battery storage.
Vishnu’s practice covers diverse areas of Corporate Commercial and Regulatory & Policy. He focuses on advising clients across different verticals viz, Energy (Power), Communications (Telecommunications & Broadcasting), Transport (Surface Transport including Railways & Metro systems), and Urban Infrastructure.