MARCHASIA BUSINESS OUTLOOK8NEWSROOMTEXMACO RAIL SIGNS MOU WITH NEVOMO TO ADVANCE HIGH-SPEED RAIL TECHNOLOGYDelta International has announced a minority investment from Evergreen Partners, a private investment firm, as part of a strategic partnership to strengthen its presence in New Zealand, Australia, and Asia.As part of the agreement, Amy Ellis, Director at Evergreen Partners, will join Delta's board as a non-executive member. With extensive experience in corporate finance, business strategy, and expansion planning, Ellis is expected to enhance Delta's governance and leadership framework."Evergreen Partners has a track record of supporting growing businesses, and there is a clear alignment between our organisations in terms of vision and values," he said. Delta Insurance Group, CEO of Kent Chaplin stated that Evergreen's involvement reinforces the company's standing in the Asia-Pacific insurance sector. The investment comes on the heels of Delta Insurance Australia's recent entry into the accident and health (A&H) insurance sector, marking a significant expansion of its service offerings. In February 2025, the company launched a comprehensive range of A&H insurance products aimed at businesses, contractors, and volunteers across various industries."Delta is a forward-thinking organisation with a strong foundation, and I look forward to contributing to its continued success, particularly in advancing strategic initiatives and innovation," she said.Delta's group personal accident and sickness insurance provides coverage for full-time employees, company directors, voluntary workers, and those requiring journey injury protections, further strengthening its portfolio in the region. Texmaco Rail & Engineering has signed a strategic Memorandum of Understanding (MoU) with Nevomo, a Polish tech company established in 2017, which is a European leader in next-generation Magrail technology and Linear Propulsion Systems, as well as associated technology solutions. This groundbreaking agreement marks the beginning of a new age in rail infrastructure advancements, high-speed rail technologies, AI-driven predictive diagnostics, autonomous wagons, and driverless cargo trains to transform mobility in India and worldwide.This partnership aims to transform the rail sector by collaboratively developing and deploying Nevomo's advanced Magrail technology and Linear Propulsion Systems, along with associated technological solutions. By utilizing Texmaco's vast manufacturing expertise and Nevomo's advanced technology, the partnership aims to enhance railway network efficiency, increase capacity, and upgrade current rail and port systems, alongside significant efficiency advancements in mining, captive rail, and logistics operations. Additionally, it highlights India's ambition to emerge as a worldwide leader in next-generation transportation solutions.A primary emphasis will be on creating Magrail-centric solutions that seamlessly fit into current rail systems, enhancing speed, capacity, and effectiveness. The collaboration aims to grow internationally, utilizing Texmaco's production strengths and Nevomo's innovations to present cutting-edge rail solutions to global markets. DELTA INTERNATIONAL GAINS INVESTOR FOR ASIA-PACIFIC EXPANSION
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