Berlin Lobbying For German Firms To Revamping India’s Railway Network

Berlin Lobbying For German Firms To Revamping India’s Railway Network

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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.
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