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India: China’s high-speed train maker launches operations

By  |  August 21, 2016

China’s largest high speed train maker has announced that its first $63.4 million joint venture plant in India to repair and manufacture railway locomotive engines has started operations.

The state-run China Railway Rolling Stock Corporation 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 company said in statement.

The plant was set up with an investment $63.4 million and the Chinese side holds 51 per cent of the share, state-run Xinhua news agency reported.

Full Content: Economic Times

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