[Featured Stock] Pureun Technology, India to Invest 1,400 Trillion Won in Infrastructure Including Railways... Increased Supply to Indian Railway System

As the Indian government announced the need for an investment of 1,400 trillion won in infrastructure such as railways and highways, Pureun Technology is showing strength. Pureun Technology has previously supplied railway-related systems to India.

As of 10:51 AM on the 7th, Pureun Technology is trading at 8,260 won, up 4.69% from the previous day.

According to local Indian media on the 5th (local time), the government estimated that India needs to invest about 880 trillion rupees (approximately 1,400 trillion won) from this year until 2047 to develop infrastructure and financial sectors like China.

According to the media, a government report containing this information was submitted at a federal government ministers' meeting recently held in the capital, New Delhi. The report states that over the next 24 years, India must increase the length of highways by 1.6 times, quadruple port handling capacity, and double the railway network. The railway network expansion includes the construction of 20,000 km of elevated tracks and 4,500 km of high-speed rail lines.

Sources say that accordingly, the Indian government will focus on governance and financial reforms of Urban Local Bodies (ULBs) by utilizing the authority transfer of the Finance Commission (FC) and Centrally Sponsored Schemes (CSS). The FC is regularly formed by the President under the Indian Constitution to coordinate financial issues between the federal and state governments. CSS refers to projects mainly funded by the Indian federal government but executed by state governments.

Meanwhile, Pureun Technology, a railway automation system company, has supplied station automation products and systems to Delhi, Bengaluru, Jaipur, and Hyderabad in India.

It is also supplying related equipment to the Mumbai Metro. Last year, it was reported that Pureun Technology signed a contract to supply station automation gates to the National Capital Region Transport Corporation (NCRTC) in Delhi, India.