Chinese train operations in India |
The state-run China Railway Rolling Stock Corporation (CRRC) is the first foreign company to set up assembly line of rail transportation equipment in India after Prime Minister Narendra Modi unveiled his ambitious ‘Make in India’ campaign in 2014.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.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. 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.
|
|
|
|