British businessmen are looking for opportunities in the Indian railway sector, members of a delegation said here Tuesday. The delegates will meet railway board officials in New Delhi Wednesday.

“We are looking for our member companies to identify opportunities in India to bring in new efficiencies and technologies here,” Tim Gray, International Business Development director, Railway Industry Association, Britain said here.

He was speaking at a seminar organised by the Federation of Indian Chambers of Commerce and Industry.

Mr. Gray said the delegation is open to the formation of both joint ventures with Indian companies as well as product supply for railway parts.

The association is looking at micro sectors in railway manufacturing like track product, signalling, service and technology.

The association, comprising 160 companies, will also travel to Hyderabad.

Apart from India, the delegation is looking at similar opportunities in China and the Middle East, Mr. Gray said.

More In: Business | Industry