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Ajay Mittal promoted Arshiya Rail Infrastructure Ltd on Tuesday said that the company has signed a long-term deal with Gatx India Pvt Ltd, a subsidiary of Gatx Corp, to lease its rakes.As part of the 10-year deal, Gatx India will initially provide 10 newly manufactured container trains, for Arshiya Rail and the move is expected to bring down the cost to the company by at least Rs 130 crore."This strategic tie-up allows us to scale up our business. We can now focus on business acquisitions," said Sajal Mittra, chief executive officer at Arshiya Rail. Saurabh Sood, managing director and country head of Gatx India said this marks his company's entry into the India market. US based Gatx is a specialist in rake leasing and has business interests in Eurpoe and North America.Arshiya will look to deply the rakes from its rail terminal at Khurja and will offer cost effective solutions to customers, the company said in a statement.Shares of the company rose by as much as 2.06%, to trade at Rs 143.90 even as the benchmark index, Sensex fell by as much as 167 points.