Neil Walker, Exports Director at the Railway Industry Association, looks ahead to InnoTrans 2020 and what UK companies can expect at the world’s biggest rail trade fair.
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Department for International Trade (DIT)
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Rosehill Rail’s parent company has been recognised as an Export Champion by the Department for International Trade (DIT) following its continued expansion into a range of overseas markets.
A Memorandum of Understanding (MoU) has been signed between the UK and Australasian rail trade bodies that will lead to greater co-operation and collaboration between the two industries.
The UK currently has a national rail infrastructure pipeline worth £88 billion, which is the greatest investment in the sector in over a century. As a result of these unprecedented levels of investment, significant opportunities exist for investors to support and add value to the rail supply-chain.
At InnoTrans 2018, the Midlands Engine and Northern Powerhouse jointly exhibited as Invest in GREAT, allowing them to meet with potential overseas investors looking to find out more about opportunities in the UK rail industry; the most buoyant and fastest growing in Europe in terms of existing and planned investment.
The Malaysian Rail Industry Corporation (MARIC) and the UK’s Railway Industry Association (RIA) have signed a Memorandum of Understanding (MoU) that will see the two countries working more closely together, benefiting the members of both rail associations.