Capivest, a Bahrain based Islamic investment bank successfully formed a joint venture between one of its subsidiaries - Kaizen Automation Pvt, Ltd., (a leading company in automation projects established by the bank in India) and the Central Railway in India through a public-private partnership. The launch of “Go Mumbai”, a multi-purpose Smart Card for use by public transportation commuters was marked by an inaugural ceremony which took place in India.
The new Automatic Fare Collection (AFC) systems, implemented for the first time in India, were set up in and around Mumbai to read travel cards (also known as Smart Cards) used daily by thousands of local commuters on more than one mode of public transportation. Other major cities in India have already expressed serious interest in implementing AFC systems elsewhere, allowing the use of Smart Cards for their public transport commuters as well.
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