Date of Post : 24 June, 2017
Chennai: Berlin is lobbying for German firms to win business revamping India’s creaking railway network, one of several countries attracted by the scale of India’s transport needs & which are campaigning to export their technology.
On Friday, the economy ministry said, it had agreed to finance a government feasibility study into a high-speed railway link between Chennai & Mysore, and had also discussed a project to modernise the Chennai to Hyderabad route.
More Information –
- It said in a statement, confirming an earlier report in German business weekly WirtschaftsWoche,”The government is conducting talks, with the Indian government about 2 railway projects in which German companies are interested.”
- The projects had been a topic of conversation during Indian PM Narendra Modi’s visit to Berlin in May, it said.
- The ministry did not name any companies but industrial group Siemens would be most likely to benefit from any business.
- In 2015, India appointed Chinese, French & Spanish firms to conduct studies into building 3 high-speed rail lines linking its major cities.