PTI, Beijing :
China’s largest high speed train maker has announced that its first USD 63.4 million joint venture plant in India to repair and manufacture railway locomotive engines has started operations.
The state-run China Railway Rolling Stock Corporation(CRRC) is the first foreign company to set up assembly line ofrail transportation equipment in India after Prime Minister Narendra Modi unveiled his mbitious ‘Make in India’ campaign in 2014, the company said in statement.
The joint venture named CRRC Pioneer (India) Electric Co.Ltd., is housed in Haryana.
The plant was set up with an investment USD 63.4 million and the Chinese side holds 51 per cent of the share, state-run Xinhua news agency reported.
The India plant will repair and manufacture railway locomotive engines.
It will also provide technology support to India’s rail system and supply electric transmission systems to oil drilling, wind power generation and mining equipment making in India, the report said.
This is China’s first major investment in Indian Railways after the two worked out a multi-pronged collaboration for Chinese participation in the modernisation of Indian railway systems.
While Indian Railway engineers are getting trained in China in heavy hauling, China is also cooperating with India to set up a railway university similar to the one it developed.
Besides the high speed train, India and China have agreed to cooperate to identify the technical inputs required to increase speed on the existing railway line from Chennai to Mysore via Bangalore.
China is also conducting feasibility study to build a high speed railway line between Chennai and New Delhi.
Japan has bagged the first bullet train project to build a high speed rail line between Ahmedabad and Mumbai.
China’s largest high speed train maker has announced that its first USD 63.4 million joint venture plant in India to repair and manufacture railway locomotive engines has started operations.
The state-run China Railway Rolling Stock Corporation(CRRC) is the first foreign company to set up assembly line ofrail transportation equipment in India after Prime Minister Narendra Modi unveiled his mbitious ‘Make in India’ campaign in 2014, the company said in statement.
The joint venture named CRRC Pioneer (India) Electric Co.Ltd., is housed in Haryana.
The plant was set up with an investment USD 63.4 million and the Chinese side holds 51 per cent of the share, state-run Xinhua news agency reported.
The India plant will repair and manufacture railway locomotive engines.
It will also provide technology support to India’s rail system and supply electric transmission systems to oil drilling, wind power generation and mining equipment making in India, the report said.
This is China’s first major investment in Indian Railways after the two worked out a multi-pronged collaboration for Chinese participation in the modernisation of Indian railway systems.
While Indian Railway engineers are getting trained in China in heavy hauling, China is also cooperating with India to set up a railway university similar to the one it developed.
Besides the high speed train, India and China have agreed to cooperate to identify the technical inputs required to increase speed on the existing railway line from Chennai to Mysore via Bangalore.
China is also conducting feasibility study to build a high speed railway line between Chennai and New Delhi.
Japan has bagged the first bullet train project to build a high speed rail line between Ahmedabad and Mumbai.
