New Delhi, July 29 -- Texmaco Rail & Engineering Limited, Touax Group and TrinityRail Global have joined hands to scale up railcar leasing in India, with the expanded joint venture planning to invest around Rs 1,800 crore in 100 new rakes over the next three to five years.

The partnership brings together Indian manufacturing capabilities, European leasing and asset management expertise, and North American rail engineering capabilities under Touax Texmaco Railcar Leasing Private Limited (TTRL).

Under the new structure, Texmaco and Touax will each hold a 34 per cent stake in TTRL, while TrinityRail, a subsidiary of Trinity Industries, will hold the remaining 32 per cent.

The partners said the joint venture will focus on introducing best-...