State-run BEML Ltd, the leading manufacturer of Rail and Metro coaches, remains focused on the Mumbai-Ahmedabad bullet train project as “some indigenisation” is expected, an official said on Friday.
“Whatever I understand, a total of 240 coaches would be inducted by 2023 (for the project). Of this, some numbers would be assembled (in India). Initially, I believe it is better to absorb the technology. Some particular indigenisation will happen and that has not been decided,” said the company’s Chairman and Managing Director D.K. Hota.
The Mumbai-Ahmedabad High-Speed Train Project, popularly referred to as Bullet Train, is an endeavour to bring economic growth and prosperity with the Indian Railways adopting the most modern technologies.
“As and when the opportunity comes and particularly when it comes to us contractually, we would invest. There are various Japanese companies which would primarily be there and we would be talking to them,” he said on the sidelines of a programme “Rail connect east, 2018”. Read More
Latest posts by Business-Standard.com (see all)
- Coal India’s Export Plans Now In Cold Storage Over Domestic Demand - September 18, 2018
- States ready to pay to meet peak demand, but where are the power sellers? - September 17, 2018
- Meet The Phantom Trader Who Blew A Hole In World’s Oldest Power Market - September 16, 2018