Take Sujan Industries MOU with a pinch of salt

Everyone is over optimistic about RVSN penetration into Indian Railway. Sujan industries is a supplier to Indian railway which includes freight and long distance routes. It doesnt include metros that are based in bigger cities.

Anyone in India knows that the rail infrastructure in India is primitive including signalling and other systems. The mainline product will not be of much use without change in infrastructure. If you ever travelled in Indian Railway, you can see people crossing railway tracks etc in rural and even metro areas. The RVSN product wont be able to do much in these circumstances where people have free access to tracks. In most developed countries, the rail corridor is fenced off with common people not having access. In such circumstances, using RVSN products to improve safety is more practical.

I believe in the product and its potential. I am not convinced this deal announced is going to lead to much revenue for them. Also note that this is an MOU not any obligation to purchase product.