Railway today signed assured off take (AOT) agreements with SAIL- RITES Bengal Wagon Industry for manufacture and rehabilitation of wagons at Kulti in West Bengal. RITES and SAIL have come together to set up Rs 2,500 crore joint venture on production of stainless steel wagons. This is a long term agreement for manufacturing of 1,200 wagons per annum and rehabilitation of 300 wagons per annum for a period of 10 years. <br/><br/>Speaking to media on agreements signing ceremony in New Delhi, Railway minister Suresh Prabhakar Prabhu said Railway have taken another step in line with Make in India initiative. He said that it is a very significant landmark for both Ministries. Union Minister of Steel and Mines Narendra Singh Tomar who was also present on the occasion, said RAIL and SAIL both are very important pillars of country's economy.