Railways

China keen to invest in Indian railways

COIMBATORE

China is keen to invest in Indian railway sector, which is in dire need of modernisation, a top Chinese Diplomat said on September 3.

“It ( Indian Railways) is too old and renovation is badly needed. China is seeking entry of its firms in developing high-speed trains,” Liu Youfa, Chinese Consular General in Mumbai, said.

“We have accumulated construction capability. We also have the capacity to finance (projects). Eventually, Chinese companies would participate in bullet trains (project) as well,” Youfa told reporters in an informal chat here.

Read more at Economic Times

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