RITES Expands Global Footprint with IMEEC Project, Boosting International Exports.

RITES Ltd, India’s railway consultancy and engineering firm, is advancing its global expansion with a digital interface connectivity project for the India–Middle East–Europe Economic Corridor (IMEEC). The initiative, part of the first phase of an intercontinental virtual trade corridor, will streamline cargo clearances between Indian and Middle Eastern ports through an integrated software platform.

The company is conducting feasibility studies on logistics connectivity, IT system integration, and trade facilitation, enhancing ease of doing business for cargo exports. India’s recent agreements with the UAE, such as interlinking UPI and AANI payment platforms and RuPay with JAYWAN debit/credit cards, are expected to support seamless cross-border financial transactions.

In a strategic move, RITES signed an MoU with Abu Dhabi Ports Group and Etihad Rail last year to assess infrastructure gaps and develop missing rail links across the UAE, Saudi Arabia, Jordan, and Israel. India is also exploring Dedicated Freight Corridor connectivity to key West Coast ports, including the upcoming Vadhavan Port.

“We are developing a digital interface for seamless goods movement, documentation, and clearances across multiple ports and checkpoints in India and the Middle East,” said Rahul Mithal, CMD, RITES Ltd.

Beyond the IMEEC project, RITES is aggressively bidding for international consultancy and rolling stock export projects in the Middle East, Africa, and Latin America. The company is finalizing exports of nine rake prototypes to Bangladesh, expected to commence by H2FY26.

With a ₹1,300 crore export order book as of Q3FY25, RITES anticipates a 20% revenue increase in FY26, driven by rising overseas orders. The company is also moving away from reliance on Line of Credit-based projects, opting for direct bidding opportunities.

For Q3FY25, RITES reported ₹576 crore in consolidated operating revenue, a 16% year-on-year decline, with EBITDA at ₹123 crore and PAT at ₹109 crore. However, the company remains optimistic about strong export-led growth in the coming quarters.

HBL