As part of the agreement, RITES will be offering its expertise as a project management consultant and shall undertake a comprehensive range of services for developing multi-modal logistics projects in Meghalaya.

The collaboration is set to improve logistics infrastructure within Meghalaya and enhance trade and transport opportunities, fostering economic development and easing access to the region.

Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 September 2023, the Government of India held 72.20% stake in the company.

The company's consolidated net profit declined 23.6% to Rs 101.15 crore on 11.6% fall in net sales to Rs 582.36 crore in Q2 FY24 over Q2 FY23.